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    102 Broadway Ave S Rochester, MN 55906

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    For Lease
    $6,600,000

    42,666 SF building in a highly desirable downtown location.

    Property size:
    5,009 SF
    Lot size:
    0.23 Acres

    Property Features for 102 Broadway Ave S

    General Information

    Size
    5,009 SF
    Lot size
    0.23 Acres

    Source: Paramark Corporation Agent Darci Fenske

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

    Overview

    Downtown Rochester Redevelopment Opportunity

    Located in downtown Rochester, this four-story building with a basement offers a redevelopment opportunity in the central business district. The 42,666 square-foot building is situated on 0.23 acres of commercially zoned land and features 66 feet of frontage on South Broadway. The property benefits from its location on a prominent corner, high traffic counts, and skyway connectivity. It is fully sprinkled and contains two elevators. The building is adjacent to the Double Tree Hotel and a public parking ramp.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stifel Investment Service United States Postal ... Post Office Novus Glass Auto Glass Shop Wehlage Pictures Video Production Service Schmitt Automotive Repair Auto Repair Shop

    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
    -92.462659
    Latitude
    44.0245923

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    FAQs

    What type of property is this?
    Office building - 42,666 SF building in a highly desirable downtown location.
    Where is this office building located?
    The property is located at 102 Broadway Ave S Rochester, MN.
    What are key features of this property?
    This property features: - Highly desirable downtown Rochester location with skyway connection; - Prime for redevelopment in the Central Business District; - **42,666 SF building on a prominent corner location**
    (507) 421-6556
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    Rochester, MN 55906
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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
    102 Broadway Ave S Rochester, MN 55906
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