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    15 1St St SE Rochester, MN 55902

    For Lease
    $25 SF/Yr ($4,847 /Mo)

    Office space in the heart of downtown Rochester.

    Property size:
    2,327 SF
    Lot size:
    0.35 Acres

    Property Features for 15 1St St SE

    General Information

    Size
    2,327 SF
    Lot size
    0.35 Acres

    Source: Hamilton Real Estate Agent Ari Kolas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Rochester Office Space Available

    Located in the heart of Downtown Rochester, this 2,327-square-foot office space is within walking distance of the Mayo Clinic and Mayo Civic Center. It offers skyway access to the Downtown Medical Center and Mayo Civic Center. The location benefits from proximity to 40,000 employees and millions of patients annually. The property is connected to the Broadway Plaza Hotel and the New Hilton Hotel and Event Center, which hosts over 35,000 guest rooms annually. Tenant improvement funds are available, and the location provides numerous cross-promotion opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chateau Theater Historic ... Theater Company Broadway Plaza Apartment Building Historic Chateau Theatre Event Venue Unity Yoga Rochester Yoga Studio US Bank Mortgage Mortgage Broker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4640179
    Latitude
    44.0226649

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    FAQs

    What type of property is this?
    Office space - Office space in the heart of downtown Rochester.
    Where is this office space located?
    The property is located at 15 1St St SE Rochester, MN.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Rochester location, walk to Mayo Clinic & Mayo Civic Center.; - Skyway access to Downtown Medical Center and Mayo Civic Center.; - High foot traffic area, with 40,000 employees and millions of patients annually.
    (507) 271-5553
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    15 1St St SE Rochester, MN 55902
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    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
    15 1St St SE Rochester, MN 55902
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