3552 W River Pky NW - Storefront Retail/Office CONDO FOR SALE


Rochester, MN 55901- North Rochester
$890,000 USD
507-951-1147
3552 W River Pky NW, Rochester, MN for Sale
$890,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/28
null | 7.8% Cap Rate

3552 W River Pky NW
Rochester, MN 55901
North Rochester


HIGHLIGHTS

  • Net Lease Investment Property
  • New 5 Year Lease
  • Legacy Tenant
  • Recent Capital Improvements

OVERVIEW

3552 West River Parkway NW presents a great opportunity to acquire a stabilized, net-leased office condominium in NW Rochester. This investment offering features a legacy tenant with over 30 years of operating history at the location, providing a strong foundation of occupancy and reliability. The property is secured by a new five (5) year lease, with an additional five (5) year renewal option, offering long-term income visibility and durability. The net lease structure minimizes landlord responsibilities, making this an ideal opportunity for investors seeking passive, predictable cash flow. Recent capital improvements, including a new roof and upgraded electrical systems, further enhance the stability of the asset and reduce near-term capital expenditure risk. The building itself is very well-maintained, solidly constructed, and benefits from excellent visibility and accessibility along West River Parkway. This offering is well-suited for a 1031 exchange buyer, private investor, or owner seeking a low-management, net-leased office asset with proven tenancy and strong fundamentals in the Rochester market.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7.8%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Condo | Net Lease Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Telecom Hotel/Data Hosting, Medical

TOTAL BUILDING SIZE

10,050 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B4- General Commercial

APN/PARCEL ID

74.23.24.018805

ASK ABOUT THIS PROPERTY

Matt GoveRealty Growth, Inc.More Info
507-951-1147

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Matt GoveRealty Growth, Inc.More Info
507-951-1147

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