Rochester, MN
Commercial Real Estate Market Trends & Data

$241 Avg asking sale price
$22 Avg asking lease rate
7,441 SF Avg unit lease size
19,717 SF Avg building size for sale
7.10% Average cap rate

Rochester's Demographic Profile

Rochester has 51,872 households and a median income of $83,057, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 126,870
# Households 51,872
Median age 38
Median household income $83,057
Avg household size 2.0
Renter-occupied housing units 18,662
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Rochester, MN

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Rochester $278 12,376 SF
Stewartville $71 7,000 SF
Hammond $56 4,480 SF
Pine Island $587 1,800 SF
Dodge Center $42 5,401 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Austin $96 3,072 SF 9.65%
Baldwin $162 2,950 SF 9.36%

Commercial Properties For Sale in Rochester

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Silver Lake Crossing

Rochester, MN 55906

  • 112,000 SF Multifamily
  • $26,500,000
For Sale

Hobby Lobby and Ashley Retail Center

Rochester, MN 55901

  • 105,193 SF Retail Building
  • 7.50% Cap Rate
  • $8,432,000
For Sale

Broadway Corner Plaza

Rochester, MN 55904

  • 7,719 SF Retail Building
  • $2,000,000
For Sale

2225 US-63 Hwy

Stewartville, MN 55976

  • 1,508 SF Industrial Building
  • $299,000
For Sale

TBD 31st NW Ave

Oronoco, MN 55960

  • 81.83 AC Lot
  • 1 Commercial Lot
  • $3,865,010
For Sale

Mayo Clinic-Anchored Office Center

Rochester, MN 55902

  • 107,124 SF Office Building
  • $24,550,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Rochester pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Rochester $241 19,717 SF
Byron $233 5,400 SF

Multifamily Properties For Sale in Rochester

For Sale

The Hue

Rochester, MN 55902

  • 50,000 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Rochester alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Rochester or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Rochester 126,870 51,872 38 $83,057 2 18,662 2%
Oronoco 1,674 548 40 $134,683 3 28 -1%
Eyota 2,156 802 39 $70,517 3 124 4%
Byron 6,575 2,355 38 $113,110 3 354 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Rochester, MN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Rochester

View All Commercial Real Estate For Sale in Rochester
Is Rochester a good market for a first-time commercial real estate investor?

Rochester offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Rochester?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Rochester. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Rochester?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Rochester. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Rochester compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Rochester. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Rochester acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Rochester, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports