220 Broadway Ave S - Office/Residential CONDO FOR SALE


Rochester, MN 55904- Downtown Rochester
$2,062,500 USD
507-951-7130
220 Broadway Ave S, Rochester, MN for Sale
$2,062,500 USD
Office/Residential CONDO - FOR SALE
1/28
null | 8% Cap Rate

220 Broadway Ave S
Rochester, MN 55904
Downtown Rochester


HIGHLIGHTS

  • ADDT count of 22000 on South Broadway
  • Large display windows for natural light
  • Flexible lay out

OVERVIEW

Exceptional opportunity to own an income-producing premium business space in the heart of downtown Rochester! Ideal for professional services, retail, or mixed-use. Don't miss this rare opportunity to establish your business in a thriving location! This versatile business condo offers: - Prime visibility with large windows on Broadway Ave S - Skyway access to downtown amenities, businesses, and parking - High foot traffic area - Steps away from Mayo Clinic - Flexible layout with private offices, open workspaces, and conference rooms - Recently renovated building exterior (2020) - Popular Restaurant on the 2nd level of the building Lease and Income Details: - Lease from a qualified accounting firm through August 31, 2028 - Net Operating Income of $165,000 Per Year approx - Space Occupied on Main Floor: 15,900 Sqft approx (Includes 3,000 Sqft approx exterior drive-thru land leased to Bank) - Space Occupied on Lower Level: 9,551 Sqft approx Ideal for professional services, retail, or mixed-use. Don't miss this rare opportunity to establish your business in a thriving location!

FOR SALE DETAILS

PRICE

$2,062,500 USD

PRICE/SF

$81 USD /SF

CAP RATE

8%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Business Condo For Sale

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

25,451 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

CDC-CBD

APN/PARCEL ID

64.02.11.014358,64.02.11.046360

ASK ABOUT THIS PROPERTY

Bucky BeemanRealty Growth, Inc.More Info
507-951-7130

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Bucky BeemanRealty Growth, Inc.More Info
507-951-7130

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