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    323 S Broadway Ave Rochester, MN 55906

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    For Sale
    Contact for pricing

    Prime location near Mayo Clinic and University of Minnesota Rochester.

    Property size:
    29,108 SF
    Lot size:
    0.07 Acres

    Property Features for 323 S Broadway Ave

    General Information

    Size
    29,108 SF
    Lot size
    0.07 Acres

    Source: Realty Growth, Inc Agent Matt Gove

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

    Overview

    Downtown Rochester Redevelopment Opportunity

    Located at a prominent intersection in Downtown Rochester, this property offers an opportunity for investors seeking cash flow or a redevelopment project. Situated 0.3 miles from the Mayo Clinic campus and 0.2 miles from the University of Minnesota Rochester, the property benefits from its proximity to these institutions. The property is located in Rochester’s walkable Historic District and zoned MXD-BUS, Rochester’s most intensive development classification. This site is positioned to meet the city’s demand for housing, retail, and mixed-use spaces. The combined footprint represents a chance to reimagine a section of downtown. The property has a size of 29108 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kimley-Horn Engineering Consultant

    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
    -92.4632865
    Latitude
    44.0196403

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    FAQs

    What type of property is this?
    Apartment building - Prime location near Mayo Clinic and University of Minnesota Rochester.
    Where is this apartment building located?
    The property is located at 323 S Broadway Ave Rochester, MN.
    What are key features of this property?
    This property features: - Premier downtown location at the intersection of Broadway & 4th Street South.; - Zoned MXD-BUS, Rochester’s most intensive development classification, allowing for housing, retail, and mixed-use spaces.; - Close proximity to Mayo Clinic campus (0.3 miles) and University of Minnesota Rochester (0.2 miles).
    (507) 951-1147
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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
    323 S Broadway Ave Rochester, MN 55906
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