For Sale: Rochester MLS# 7030361
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Property Description
Strategically located directly on Broadway in the heart of Downtown Rochester, Minnesota, this versatile property offers premier visibility, making this an attractive business or investment opportunity. Its prime location, just blocks from the Mayo Clinic campus, ensures a consistent flow of foot and vehicle traffic. The building currently presents a turn-key short-term rental opportunity, with the flexibility for future multi-family conversion in the upper level paired with retail opportunities on the ground floor. Rare onsite parking adds significant value and convenience, benefiting tenants and staff in a dense urban setting. Zoned to support a variety of uses, this site is perfectly positioned to capitalize on the city’s continued growth!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,600,000
Property Type:
Commercial
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1927
State:
MN
Property Style:
Other
Zip Code:
55906
Subdivision Name:
Original City Of Roch-Pt Torrens
Exterior
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
8,635 ft2
Handicap Accessible:
Partially Wheelchair
Heating System:
Forced Air
Parking Features:
Parking Lot
Roof Details:
Flat
Lot & Land
Acres:
0.212
Geolocation:
44.02497, -92.46349
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
140 x 66 x 140 x 66
Zoning:
Business/Commercial
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1929
District Phone:
5073283000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$40,616
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$40,616
Units
Total Units:
4
Miscellaneous
Current Use:
- Residential
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.