Steel Industrial Buildings with
For Sale
Contact for pricing
1906 3rd Ave SE, Rochester, MN 55904
Steel industrial buildings built in 2000 featuring one completed dock and one unfinished structure.
Property Size14,280 SF
Lot Size2.53 Acres
Price / SF$80
Days on Market466
Property Features for 1906 3rd Ave SE
General Information
Standard status
Active
Size
14,280 SF
Lot size
2.53 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Meadow Park Neighbors
Highway Access
Yes
Road Access
Yes
Additional Details
Dock-High Doors
2
Building Details
Year Built
2000
Construction
steel building
Listing Agency:
CBRE - Minnesota
(952) 924-4600
Listed By:
Brian Pankratz
(952) 924-4665
Source:
Moodyscre
Added: Jul 22, 2025
Changed: Oct 26
Last Checked: Oct 28 at 8:54AM
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 CBRE - Minnesota
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Investment Insights
Based on property information with market context.
Two industrial buildings are offered for sale or lease in South Rochester. The buildings are steel construction and were built in 2000, with one completed dock and an additional unfinished building. The available space is described as suitable for manufacturing, assembly, and storage.
The property provides direct access to 20th St. SE, offering quick connection to S Broadway, Highway 52, and Highway 14. It is also described as approximately 3.1 miles south of the Mayo Clinic Methodist Campus, and about 6.2 miles north of Rochester International Airport.
Parcel identifiers listed include PID 64.12.33.081800 for 401 20th St. SE (2.25 acres) and PID 64.12.33.025970 for 1906 3rd Ave. SE (0.31 acres).
The property provides direct access to 20th St. SE, offering quick connection to S Broadway, Highway 52, and Highway 14. It is also described as approximately 3.1 miles south of the Mayo Clinic Methodist Campus, and about 6.2 miles north of Rochester International Airport.
Parcel identifiers listed include PID 64.12.33.081800 for 401 20th St. SE (2.25 acres) and PID 64.12.33.025970 for 1906 3rd Ave. SE (0.31 acres).
Key Highlights
- ±49,877 SF of steel industrial space on ±2.53 acres across two industrial buildings
- Buildings built in 2000 with 1 completed dock and 1 unfinished structure
- Direct access to 20th St. SE for quick routes to S Broadway, Hwy 52, and Hwy 14
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,815
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,300
$1.7M
Cap Rate 7%
$1,240,214
$1.2M
Cap Rate 9%
$964,611
$964.6K
Market Conditions
NOI Build-Up for 14,280 SF
Gross rent
$128.5K $9.00/SF
− Vacancy
−$4.5K −$0.32/SF
EGI
$124.0K $8.69/SF
− OpEx
−$37.2K −$2.61/SF
NOI
$86.8K $6.08/SF
Area
Rochester, MN
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,300
Cap Rate 7%
$1,240,214
Cap Rate 9%
$964,611
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $113,029 @ 7.0% cap · market cap 9.89%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,815 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$5.50M
$4.81M – $6.42M
NOI $384,998 @ 7.0% cap · market cap 33.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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Business Placement
Demographics for 55904, MN
29,813
Population
12,984
Households
2.3
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
60.1 sq mi
ZIP Area
496
Density / Sq Mi
$76,434
Median Household Income
$47,250
Median Earnings
$1,253
Median Rent
$237,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Steel industrial buildings built in 2000 featuring one completed dock and one unfinished structure.
Where is this manufacturing property located?
The property is located at 1906 3rd Ave SE Rochester, MN.
What is the asking price?
The asking price for this property is $1,142,400.
What are key features of this property?
This property features: ±49,877 SF of steel industrial space on ±2.53 acres across two industrial buildings; Buildings built in 2000 with 1 completed dock and 1 unfinished structure; Direct access to 20th St. SE for quick routes to S Broadway, Hwy 52, and Hwy 14
