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For Sale:  Rochester MLS# 7064606

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Active NEW!
$2,500,000
/mo Edit
Commercial:  Other
Built 1969
0.848 acres
Rochester schools
MLS# 7064606
763-576-8286
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    Property Description

    This versatile building features a robust layout designed for high-capacity use, including several retail spaces, two large gathering halls, an expansive basement with ample storage, and a commercial-grade kitchen. The interior is well-appointed with private offices and multiple gathering rooms, making it a highly functional asset for an owner-occupier or an investor. Ample onsite parking with over 30 dedicated spaces is a standout feature for this location, providing exceptional convenience in a busy commercial corridor. Currently home to multiple tenants, the property offers the immediate benefit of guaranteed income with significant room for specialized operations or expansion. Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochester’s massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the city’s most dynamic districts.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $2,500,000
    Property Type: Commercial
    City: Rochester
    Garage Spaces: 0
    County: Olmsted
    Year Built: 1969
    State: MN
    Property Style: Other
    Zip Code: 55902
    Subdivision Name: City Lands

    Interior

    Bedrooms: 0
    Bathrooms: 0

    Exterior

    Garage Spaces: 0
    Foundation Size: 24,498 ft2
    Handicap Accessible: Partially Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Parking Lot
    Roof Details: Flat

    Lot & Land

    Acres: 0.848
    Geolocation: 44.021104, -92.494289
    Inclusions: Other
    Lot Dimensions: 130 x 281
    Zoning: Business/Commercial

    Schools

    School District: 535
    District Phone: 5073283000

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $40,063
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $40,432

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Commercial
    • Event Space
    • Office
    • Other
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: Yes
    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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    Payment:  /mo

    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!

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    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.