307 E Center Street, Rochester, MN 55904
Rare waterfront property with high traffic exposure and river views.
- Added:
- Oct 10, 2023
- Days on Market:
- 981
- Last Refresh:
- May 20 at 2:06 am
Property Features for 307 E Center Street
General Information
- Standard status
- Active
- Size
- 4,269 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1965
Listing agent Sylvia Rogers (507) 254-1247
Listing office Edina Realty, Inc. (507) 254-1247
Listing date Oct 10, 2023
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty, Inc.
HighLights
- Waterfront property on the Zumbro River in downtown Rochester.
- Over 4000 square feet of space on .31 acres with panoramic views.
- 22 on‑site parking spots with room for more.
- Two levels with potential to lease private offices or expand.
- High traffic street exposure.
- Across the street from the Civic Center with great walkability to downtown.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.3k | $27.00 |
| − Vacancy | −$10.4k | −$2.43 |
| EGI | $104.9k | $24.57 |
| − OpEx | −$26.2k | −$6.14 |
| NOI | $78.7k | $18.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4583
- Latitude
- 44.0237
