975 34th Ave NW - Office CONDO FOR SALE


Rochester, MN 55901- Historic Southwest
$3,500,000 USD
507-516-7132
975 34th Ave NW, Rochester, MN for Sale
$3,500,000 USD
Office CONDO - FOR SALE
1/7
null | 7.43% Cap Rate

975 34th Ave NW
Rochester, MN 55901
Historic Southwest


HIGHLIGHTS

  • Strong WALT of 4.47 Years
  • Class A Construction Finishes and Glass Lines
  • Strong Tenant Mix Including National and Established Local Businesses

OVERVIEW

This investment offering comprises the 3rd and 4th floor condominium units at the Northwest Gateway Office Tower, located at the primary west entrance to Rochester MN at the intersection of US Highway 14 and West Circle Drive, just minutes from the Mayo Clinic. The opportunity contains long term leases to creditworthy professional tenants, delivering a stable income stream. The property’s high-visibility location in Rochester’s expanding West Circle Drive corridor ensures strong tenant demand and consistent leasing performance. Positioned to benefit from Rochester’s economic growth, driven by the Mayo Clinic’s Bold Forward Unbound project, the property is expected to see increased demand for Class A office space and long-term value appreciation. The Northwest Gateway Office Tower offers prominent signage opportunities and exceptional accessibility, distinguishing it as a unique investment in a market with limited comparable assets. For additional details or to arrange a tour, please contact us.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

7.43%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northwest Gateway Office Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

29,252 SF

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Paul AronhaltNorth Rock Real Estate, LLCMore Info
507-516-7132

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Paul AronhaltNorth Rock Real Estate, LLCMore Info
507-516-7132

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