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The Historic Kelley Building 330 Broadway Ave S 3,128 SF of Retail Space Available in Rochester, MN 55904
Sublease Highlights
- Turnkey Restaurant Space: fully built-out, move-in-ready restaurant space
- Modernized Building Systems
- Prime Downtown Location
- Commercial Infrastructure
- Historic Charm & Finishes
- Flexible Zoning: Zoned MX-D
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,128 SF | Jun 2028 | $12.21 /SF/YR $1.02 /SF/MO $38,193 /YR $3,183 /MO | Triple Net (NNN) |
1st Floor
Rare opportunity to sublease one of downtown Rochester's most celebrated restaurant spaces in the historic Kelley Building. Constructed in 1857 by the city's first physician, 332 South Broadway is Rochester's oldest brick building, offering an atmosphere that simply cannot be replicated. This turnkey build-out occupies the main floor and basement, featuring exposed brick, custom woodwork, floating shelves, and new flooring throughout. The space is heavily infrastructured for a serious restaurateur to open quickly, boasting a brand-new full bar, commercial hood and ventilation, basement walk-in coolers, a dishwashing pit, two bathrooms, and updated IT. Located just steps from the Mayo Clinic campus, this vibrant corner benefits from massive daily pedestrian traffic. The current sublease term runs through May 2028, with extended terms open for discussion. An equipment list is available upon request.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Freezer Space
- Wi-Fi Connectivity
- After Hours HVAC Available
- Basement
- Display Window
- Turnkey Restaurant Space: fully built-out, move-in
- Commercial Infrastructure: Fully equipped
- Modernized Building Systems
- Historic Charm & Finishes
- Prime Downtown Location
- Flexible Zoning: Zoned MX-D
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at The Historic Kelley Building
- Tenant
- Description
- US Locations
- Reach
- Jeff and Sarah Schwenker
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| Jeff and Sarah Schwenker | - | 1 | - |
Property Facts
| Total Space Available | 3,128 SF | Gross Leasable Area | 3,128 SF |
| Property Type | Retail | Year Built | 1858 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,128 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 3,128 SF |
| Year Built | 1858 |
About the Property
Rare opportunity to sublease one of downtown Rochester's most celebrated restaurant spaces in the historic Kelley Building. Constructed in 1857 by the city's first physician, 332 South Broadway is Rochester's oldest brick building, offering an atmosphere that simply cannot be replicated. This turnkey build-out occupies the main floor and basement, featuring exposed brick, custom woodwork, floating shelves, and new flooring throughout. The space is heavily infrastructured for a serious restaurateur to open quickly, boasting a brand-new full bar, commercial hood and ventilation, basement walk-in coolers, a dishwashing pit, two bathrooms, and updated IT. Located just steps from the Mayo Clinic campus, this vibrant corner benefits from massive daily pedestrian traffic. The current sublease term runs through May 2028, with extended terms open for discussion. An equipment list is available upon request.
- Bus Line
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Nearby Major Retailers
Contact the Leasing Agent
The Historic Kelley Building | 330 Broadway Ave S