220 Broadway Ave S - Office/Residential CONDO FOR SALE


Rochester, MN 55904- Downtown Rochester
$1,000,000 USD
507-951-7130
220 Broadway Ave S, Rochester, MN for Sale
$1,000,000 USD
Office/Residential CONDO - FOR SALE
1/7
null | Request Cap Rate

220 Broadway Ave S
Rochester, MN 55904
Downtown Rochester


HIGHLIGHTS

  • Massive Price Reduction: Now $1,000,000 (Reduced from $2,062,500)
  • High-Yield Income: $13,750/month base rent (~16.5% Gross CAP).
  • Stable Tenant: Smith, Schafer & Assoc. in place through 8/31/2028.
  • Low-Overhead: Tenant pays HOA dues, Real Estate taxes, and utilities.
  • Main Floor Footprint: Encompassing the entire ground level of Center Plaza
  • Premier Location: Skyway-connected, Broadway S frontage, steps from Mayo Clinic.

OVERVIEW

A premier downtown investment opportunity: the entire ground floor of the prestigious Center Plaza in Rochester. This expansive main-floor suite is comprised of 13 bundled parcel IDs, offering a significant footprint with prime Broadway Ave S frontage. Located in the heart of downtown, the property shares the building with Hotel Indigo and is steps away from CRAVE, the Rochester Chamber of Commerce, and RAEDI. This premier main-floor footprint is fully skyway-connected and located just steps from the Mayo Clinic campus, ensuring a steady flow of professional and medical traffic. Anchored by Smith, Schafer and Associates Ltd. (lease through August 2028), the property generates $13,750/month in stable, immediate cash flow. The versatile interior layout features a mix of private executive offices, open collaborative workspaces, and professional conference rooms. With a recently renovated exterior (2020), the property offers a modern, polished presence in Rochester's premier business corridor—perfect for the investor seeking a stable, income-producing asset in a world-class location.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Investment Opportunity: 13-Unit Biz Con

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office

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

64.02.11.014358,64.02.11.014365,64.02.11.014387,64.02.11.014391,64.02.11.014396,64.02.11.045985,64.02.11.045993,64.02.11.046349,64.02.11.046352,64.02.11.046353,64.02.11.046360,64.02.11.056922

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 Notice.