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Renovated Corner Retail Office Suites
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21 1st St SW, Rochester, MN 55902

Newly renovated main floor plus skyway and subway retail/office space with flexible occupancy for 5 to 88 people.

Space Size10,929 SF
Days on Market2526

Property Features for 21 1st St SW

General Information

Standard status Active
Size 10,929 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 21 1st St SW Contact us

Multiple Spaces Available for Lease $20 – $30/SF/Yr

Floor
2
Size
10,929 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
Property Highlights: • Premium downtown corner overlooking Peace Plaza • Main...
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Listing Agency: Paramark Corporation
Listed By: Michael Busch
Source: Moodyscre
Added: Oct 17, 2019 Changed: Sep 13 Last Checked: Sep 14 at 11:08AM

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 Paramark Corporation

Investment Insights

Based on property information with market context.

This newly renovated corner property overlooks Peace Plaza and offers a mix of main floor, skyway, and subway retail/office spaces. The available suites are sized to accommodate a range of occupancies, fitting approximately 5 to 88 people.

The property is positioned downtown and located about one block from Mayo Clinic, supporting convenient access for daily visitors and customers.

With multiple levels of retail and office frontage, the building configuration is well suited for tenants seeking street-level presence along with connected interior access through the skyway and subway systems.

Key Highlights

  • Newly renovated retail/office space with main floor plus skyway and subway levels
  • Downtown corner location overlooking Peace Plaza
  • 1 block from Mayo Clinic

Property Analytics

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Current Use

Wells Fargo Home ... Loan Service Ryan Companies US Construction Company Wells Fargo Bank Bank Pinero Rebecca B Law Firm Wells Fargo Private ... Financial Advisor

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Locksmith Catering Service Veterinary Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,290
Businesses Nearby
51k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 65% Dining 24% Shops & Services 10%
Hotel Indigo Hotels & Casinos
14,302 visits/mo 0.2 miles
Taco Bell Dining
12,492 visits/mo 0.4 miles
Residence Inn by Marriott Rochester Mayo Clinic Area Hotels & Casinos
5,682 visits/mo 0.2 miles
Hilton Garden Inn Rochester Downtown Hotels & Casinos
5,597 visits/mo 0.2 miles
TownePlace Suites by Marriott Rochester Mayo Clinic Area Hotels & Casinos
5,005 visits/mo 0.3 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Newly renovated main floor plus skyway and subway retail/office space with flexible occupancy for 5 to 88 people.
Where is this retail space located?
The property is located at 21 1st St SW Rochester, MN.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Newly renovated retail/office space with main floor plus skyway and subway levels; Downtown corner location overlooking Peace Plaza; 1 block from Mayo Clinic
(507) 259-8244 Call to check price and availability
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