113 N Broadway - Storefront Retail/Residential FOR SALE


Rochester, MN 55906- Downtown Rochester
$1,600,000 USD
507-289-8000
113 N Broadway, Rochester, MN for Sale
$1,600,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | Request Cap Rate

113 N Broadway
Rochester, MN 55906
Downtown Rochester


HIGHLIGHTS

  • - 5 Short Term Rentals (4 units estimated at 500 sq. ft. and 1 unit estimated at 2,500 sq. ft.)
  • - 4 Commercial retail spaces (3 spaces currently leased)
  • - 3 Storage Units
  • - High Visibility Located right on Broadway in Downtown Rochester, MN
  • - Blocks from Mayo Clinic
  • - Onsite Parking (in back)

OVERVIEW

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, blocks from the Mayo Clinic campus, ensures a consistent flow of foot and vehicle traffic. The building has three forms of income: 5 short-term rentals, 4 commercial retail spaces, and 3 large storage units. This building also offers rare onsite parking in the downtown Rochester, MN area, which 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!

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Commercial Opportunity | Downtown

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,235 SF

ZONING

-

APN/PARCEL ID

74.35.44.018053

ASK ABOUT THIS PROPERTY

Justin CollopyRealty Growth, Inc.More Info
507-289-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Justin CollopyRealty Growth, Inc.More Info
507-289-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.