2002 2nd St SW - Storefront Retail/Office FOR SALE


Rochester, MN 55902- Uptown Rochester
$2,500,000 USD
507-358-6577
2002 2nd St SW, Rochester, MN for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/150
null | Request Cap Rate

2002 2nd St SW
Rochester, MN 55902
Uptown Rochester


HIGHLIGHTS

  • 30+ Onsite Parking Spaces
  • In-Place Rental Income
  • Commercial Kitchen & Halls
  • On "Link" Rapid Transit Route
  • Blocks from Mayo Clinic Expansion
  • Expansive Storage & Office Space

OVERVIEW

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. Reach out with any questions—we can't wait to show it to you! **Owner is open to exploring long-term leasing opportunities for the space in addition to a sale. Please contact the listing agents to discuss potential lease terms or subdivision options

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

MXT-COR

APN/PARCEL ID

64.03.22.025830

ASK ABOUT THIS PROPERTY

Leigh Ann PeltomaRealty Growth, Inc.More Info
507-358-6577

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

Leigh Ann PeltomaRealty Growth, Inc.More Info
507-358-6577

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