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    21 1St St SW Rochester, MN 55902

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    For Lease
    $18 SF/Yr ($5,515 /Mo)

    Newly renovated retail/office spaces in downtown location near Mayo Clinic.

    Property size:
    3,677 SF
    Lot size:
    0.49 Acres

    Property Features for 21 1St St SW

    General Information

    Size
    3,677 SF
    Lot size
    0.49 Acres

    Source: Paramark Corporation Agent Michael Busch

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

    Overview

    Downtown Corner Retail/Office Space

    This property offers premium downtown corner retail and office spaces overlooking Peace Plaza. The newly renovated spaces are located on the main floor, skyway, and subway levels. The property is situated one block from the Mayo Clinic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Home ... Mortgage Lender Ryan Companies US Construction Company Wells Fargo Bank Bank Pinero Rebecca B Lawyer Wells Fargo Private ... Investment Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4642679
    Latitude
    44.0226757

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    FAQs

    What type of property is this?
    Retail space - Newly renovated retail/office spaces in downtown location near Mayo Clinic.
    Where is this retail space located?
    The property is located at 21 1St St SW Rochester, MN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Located 1 block from Mayo Clinic; - Premium downtown corner overlooking Peace Plaza; - Newly renovated
    (507) 259-8244
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    21 1St St SW 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
    21 1St St SW Rochester, MN 55902
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