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    14 2Nd St Rochester, MN 55902

    For Sale
    Contact for pricing

    High-visibility, versatile space near Mayo Clinic

    Property size:
    46,014 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 46,014 square foot low-rise commercial building, situated on a 0.35-acre lot at 14 2nd Street SW in Rochester, Minnesota, presents a unique opportunity for businesses seeking a prime downtown location. The property boasts a highly visible corner location at the intersection of South Broadway and 2nd Street SW, ensuring maximum exposure to potential customers. The building offers flexible lease options, ranging from approximately 2,707 square feet to nearly 15,000 square feet, catering to a variety of business needs, from restaurants and retail establishments to office spaces. Its strategic placement just two blocks from the Mayo Clinic guarantees significant foot traffic and a strong customer base. Further enhancing its appeal is convenient skyway access on both the north and south ends of the building, providing seamless connectivity and accessibility for employees and clients. This property offers an unparalleled chance to establish a thriving business in a vibrant and high-traffic area of Rochester's downtown core. The asking price is $22 million.

    Property Features for 14 2Nd St

    General Information

    Property type
    Residential income properties
    Square Feet
    46,014 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The BlackRidge Group - Morgan ... Investment Service 2nd Street Parking ... Parking Garage Cardinal Stritch University College Paul L Peterman ... Investment Service Kathleen M. Allison ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.46348
    Latitude
    44.02129

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    FAQs

    What type of property is this?
    Residential income property - High-visibility, versatile space near Mayo Clinic
    Where is this residential income property located?
    The property is located at 14 2Nd St Rochester, MN.
    What is the asking price?
    The asking price for this property is $22.
    (507) 289-8000
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    14 2Nd St Rochester, MN 55902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14 2Nd St Rochester, MN 55902
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