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    1131 3Rd Ave Rochester, MN 55904

    For Sale
    Contact for pricing

    Modern Office, Ample Parking, Great Location

    Property size:
    1,576 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1,576 square foot office space at 1131 3rd Avenue SE in Rochester, Minnesota, presents a fantastic opportunity for businesses seeking a vibrant and functional workspace. Situated on a 0.15-acre lot, the property features a bright and spacious layout, perfect for a variety of uses. The interior boasts a welcoming reception area or office bathed in natural light, complemented by a sophisticated, privately appointed bathroom. The building's design prioritizes both functionality and aesthetics. A significant advantage is the large, paved parking lot, ensuring convenient parking for staff and clients alike. This property's location near downtown Rochester and major roadways offers unparalleled visibility and accessibility, making it an ideal choice for businesses seeking high traffic exposure. The asking price is $3500. This property is ready for immediate occupancy and represents a compelling investment opportunity in a thriving market. Its flexible design allows for customization to suit diverse business needs, making it a truly versatile and attractive commercial space. The combination of modern amenities, ample parking, and a prime location makes this property a standout choice for discerning businesses. Don't miss this chance to secure a prominent presence in the heart of Rochester.

    Property Features for 1131 3Rd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,576 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1959
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rory's Home Improvement General Contractor Á La Mode Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.45898
    Latitude
    44.00745

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office, Ample Parking, Great Location
    Where is this office property / space located?
    The property is located at 1131 3Rd Ave Rochester, MN.
    What is the asking price?
    The asking price for this property is $3,500.
    (507) 289-8000
    Request Owner's contact information
    1131 3Rd Ave Rochester, MN 55904
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    Rochester, MN 55904
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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
    1131 3Rd Ave Rochester, MN 55904
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