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    Downtown Rochester Redevelopment Opportunity
    Updated: Jul 24, 2025
    Downtown Rochester Redevelopment Opportunity

    323 S Broadway Ave, Rochester, MN

    Contact for pricing
    29,108 sqft 0.07 AC lot
    Premier downtown location at the intersection of Broadway & 4th Street South.
    Zoned MXD‑BUS, Rochester’s most intensive development classification, allowing for housing, retail, and mixed‑use spaces.
    Close proximity to Mayo Clinic campus (0.3 miles) and University of Minnesota Rochester (0.2 miles).
    High‑potential redevelopment project opportunity.
    Rare, significant downtown footprint with unmatched scale and zoning potential.
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    See hot listings in Rochester

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Rochester, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Mixed-Use Property
    Renovated Mixed-Use Property

    14 3rd St NW, Faribault, MN 55021

    $1,095,000
    3,300 sqft

    Downtown asset combines upgraded apartments with a leased commercial component.

    View details
    Mixed-Use Property with 11 Spaces
    Mixed-Use Property with 11 Spaces

    272 E 3rd St, Winona, MN 55987

    $695,000
    11,264 sqft

    Downtown building combines residential, office, and retail uses with parking positioned behind the property.

    View details
    9-Unit Mixed-Use Property
    9-Unit Mixed-Use Property

    14 3rd Street NW, Faribault, MN 55021

    $1,095,000
    0.08 AC lot

    Eight updated apartments are vacant, and the commercial suite is leased through December 2030.

    View details
    Mixed-Use Building with Offices
    Mixed-Use Building with Offices

    272 E 3rd Street, Winona, MN 55987

    $695,000
    0.14 AC lot

    The property brings together six residences, four offices, and a retail space.

    View details

    Off-Market Properties in Rochester, MN

    Consider similar Off-Market properties in Rochester, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    110 6Th Ave
    Multifamily properties

    110 6Th Ave, Rochester, MN 55904

    Estimated value: by Request
    4,552 sqft 0.16 AC lot
    View details
    810 2Nd St
    Multifamily properties

    810 2Nd St, Rochester, MN 55901

    Estimated value: by Request
    View details
    904 Center St
    Multifamily properties

    904 Center St, Rochester, MN 55904

    Estimated value: by Request
    View details
    2008 8 1/2 St
    Multifamily properties

    2008 8 1/2 St, Rochester, MN 55904

    Estimated value: by Request
    93,600 sqft 6.55 AC lot
    View details
    1902 1/2 St
    Residential income properties

    1902 1/2 St, Rochester, MN 55904

    Estimated value: by Request
    93,600 sqft 5.45 AC lot
    View details
    5231 Frontage Rd
    Residential income properties

    5231 Frontage Rd, Rochester, MN 55901

    Estimated value: by Request
    8,934 sqft 1.00 AC lot
    View details
    540 Northern Hills Dr
    Residential income properties

    540 Northern Hills Dr, Rochester, MN 55906

    Estimated value: by Request
    800 sqft
    View details
    1901 26Th Ave
    Multifamily properties

    1901 26Th Ave, Rochester, MN 55901

    Estimated value: by Request
    25,000 sqft 2.04 AC lot
    View details

    Rochester, MN Apartment Buildings Market Trends and Statistics

    Explore 9 apartment buildings for sale in Rochester, MN on our real estate platform. These investment opportunities span a total of 29,108 square feet of properties for sale.

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    Demographics Overview

    Population 134K
    Population Growth (5Y) +6.8%
    Median Household Income $93,545
    College Educated 50.3%

    High-Yield Neighborhoods for Investment

    Identify Rochester submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55901 $6.5M

    Taxes & Financing

    Tax Rate (average for all types) 3.07%
    Property Tax per SF $34.32 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Olmsted County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Rochester fall within the 25,000 to 50,000 square foot range.

    How Realmo verifies these figures

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    Featured Rochester Real Estate Agencies

    Realmo connects you with licensed Rochester CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Premier Realty Rochester
    2765 Commerce DR NW Rochester, MN 55901
    Phone: 15074244422
    www.kwprrochester.com
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