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    407 2Nd Ave NW Rochester, MN 55902

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    For Sale
    $1,900,000

    Adaptable space suitable for retail, warehouse, or mixed-use ventures.

    Property size:
    15,111 SF
    Lot size:
    0.52 Acres

    Property Features for 407 2Nd Ave NW

    General Information

    Size
    15,111 SF
    Lot size
    0.52 Acres

    Source: Realty Growth, Inc Agent Bucky Beeman

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

    Overview

    Versatile Commercial Property Near Downtown

    This commercial property is located minutes from Downtown Rochester. The property offers accessibility and on-site parking with 35 spaces. The expansive open-concept space is suitable for retail, warehouse, or mixed-use purposes. It is ADA accessible. The property was formerly home to a well-known Rochester business. The property is located within an approved zone on the Olmsted County Cannabis Map, and the owner is open to leasing to licensed cannabis-related businesses, subject to compliance with all applicable local and state regulations. The property contains 15,111 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Powrful Media Marketing Agency We Feed Birds Pet Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -92.4661471
    Latitude
    44.0279605

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    FAQs

    What type of property is this?
    Retail space - Adaptable space suitable for retail, warehouse, or mixed-use ventures.
    Where is this retail space located?
    The property is located at 407 2Nd Ave NW Rochester, MN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Excellent Location: Minutes from Downtown Rochester with exceptional accessibility.; - Ample On-Site Parking: 35 spaces available for customers and staff.; - Versatile Open-Concept Space: **Suitable for retail, warehouse, or mixed-use purposes.**
    (507) 951-7130
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    407 2Nd Ave NW 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
    407 2Nd Ave NW Rochester, MN 55902
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