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    255 1St Ave SW Rochester, MN 55902

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    For Sale
    $2,953,000

    Renovated 7,772 SF retail space in Downtown Rochester.

    Property size:
    7,772 SF
    Lot size:
    0.21 Acres

    Property Features for 255 1St Ave SW

    General Information

    Size
    7,772 SF
    Lot size
    0.21 Acres

    Source: Core Real Estate Group Agent Chris Terry

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

    Overview

    Downtown Rochester Renovated Retail Space

    This 7,772 square foot commercial space is located in Downtown Rochester. The property has undergone a $2.5 million renovation. The location benefits from strong foot traffic and a vibrant commercial environment. The current lease is an absolute triple-net lease, with zero landlord responsibilities, allowing for passive income and minimal management. The CAP Rate is 6.5%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Well Dining Restaurant

    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
    -92.4647403
    Latitude
    44.0206847

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    FAQs

    What type of property is this?
    Retail space - Renovated 7,772 SF retail space in Downtown Rochester.
    Where is this retail space located?
    The property is located at 255 1St Ave SW Rochester, MN.
    What is the asking price?
    The asking price for this property is $2,953,000.
    What are key features of this property?
    This property features: - Absolute triple-net lease offers passive income with zero landlord responsibilities.; - Prime Downtown Rochester location benefits from strong foot traffic.; - Recent $2.5 million renovation.
    (507) 398-5250
    Request Owner's contact information
    255 1St Ave 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
    255 1St Ave SW Rochester, MN 55902
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