Retail Space with
For Sale
Contact for pricing
1290 Salem Rd SW, Rochester, MN 55902
Sale includes the business, equipment, and associated assets with drive-thru service available.
Property Size2,037 SF
Price / SF$257.73
Days on Market52
Property Features for 1290 Salem Rd SW
General Information
Standard status
Active
Size
2,037 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Drive-Thru
Yes
Listing Agency:
Hamilton Real Estate
(507) 281-1002
Listed By:
George Bayrd
(507) 261-4516
Source:
Moodyscre
Added: Aug 24
Changed: Oct 12
Last Checked: Oct 12 at 9:15PM
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 Hamilton Real Estate
Investment Insights
Based on property information with market context.
This 2,037-square-foot retail space is offered together with the business, equipment, and associated assets. The property also provides drive-thru service, adding an additional customer access option.
Located at 1290 Salem Rd SW in Rochester, the space is near Star Ocean Buffet, TJ Maxx, and H&R Block. The surrounding neighboring businesses provide established retail and service context for the site.
Located at 1290 Salem Rd SW in Rochester, the space is near Star Ocean Buffet, TJ Maxx, and H&R Block. The surrounding neighboring businesses provide established retail and service context for the site.
Key Highlights
- 2,037 SF retail space
- Business, equipment, and assets included in the sale
- Drive‑thru service available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,928
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,560
$458.6K
Cap Rate 7%
$327,543
$327.5K
Cap Rate 9%
$254,756
$254.8K
Market Conditions
NOI Build-Up for 2,037 SF
Gross rent
$33.7K $16.56/SF
− Vacancy
−$978 −$0.48/SF
EGI
$32.8K $16.08/SF
− OpEx
−$9.8K −$4.82/SF
NOI
$22.9K $11.26/SF
Area
Rochester, MN
Vacancy
2.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,560
Cap Rate 7%
$327,543
Cap Rate 9%
$254,756
Alternative Uses
Best Use
Retail
$327.5K
$286.6K – $382.1K
NOI $22,928 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$784.6K
$686.5K – $915.3K
NOI $54,919 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
423k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 55%
Shops & Services 20%
Groceries 13%
Dining 10%
Scheels
Apparel
150,831 visits/mo
0.3 miles
Trader Joe's
Groceries
48,336 visits/mo
0.5 miles
Barnes & Noble
Shops & Services
41,011 visits/mo
0.3 miles
Macy's
Apparel
39,701 visits/mo
0.4 miles
Kwik Trip
Shops & Services
36,855 visits/mo
0.2 miles
Demographics for 55902, MN
25,878
Population
11,954
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
41.1 sq mi
ZIP Area
630
Density / Sq Mi
$111,879
Median Household Income
$68,869
Median Earnings
$1,580
Median Rent
$430,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Sale includes the business, equipment, and associated assets with drive-thru service available.
Where is this retail space located?
The property is located at 1290 Salem Rd SW Rochester, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,037 SF retail space; Business, equipment, and assets included in the sale; Drive‑thru service available
