Class A Stand-Alone Office
2200 2nd St SW, Rochester, MN 55902
For Sale
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Class A office building built in 2011 with flexible space for private offices, conference rooms, and open work areas.
Property Size11,992 SF
Price / SF$275.18
Days on Market465
Property Features for 2200 2nd St SW
General Information
Standard status
Size
Class
Property subtype
Additional Details
Public Transit
Building Details
Year Built
Buildings
Listing Agency:
Realty Growth, Inc
(507) 289-8000
Listed By:
Matt Gove · License MN #40779556
(507) 951-1147
Source:
Moodyscre
Added: Aug 5, 2025
Changed: Oct 25
Last Checked: Nov 10 at 11:23AM
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 Realty Growth, Inc
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Investment Insights
Based on property information with market context.
This stand-alone, Class A office building was built in 2011 and is described as meticulously maintained. The property provides nearly 12,000 square feet of office space with a flexible layout that includes private offices, conference rooms, and open work areas. Natural light is highlighted as part of the interior environment, supporting everyday productivity and client-facing functions.
The building is located along Rochester’s Southwest 2nd Street corridor. It is described as just blocks from Mayo Clinic’s Saint Marys Campus and positioned along the city’s new rapid transit bus route, supporting visibility and commuter accessibility.
The combination of private offices, conference rooms, and open work areas can support a range of professional office users who need both collaboration space and dedicated work areas within a single facility.
The building is located along Rochester’s Southwest 2nd Street corridor. It is described as just blocks from Mayo Clinic’s Saint Marys Campus and positioned along the city’s new rapid transit bus route, supporting visibility and commuter accessibility.
The combination of private offices, conference rooms, and open work areas can support a range of professional office users who need both collaboration space and dedicated work areas within a single facility.
Key Highlights
- Class A, stand‑alone office building
- Built in 2011
- Nearly 12,000 square feet of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,983
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,419,660
$4.4M
Cap Rate 7%
$3,156,900
$3.2M
Cap Rate 9%
$2,455,367
$2.5M
Market Conditions
NOI Build-Up for 11,992 SF
Gross rent
$323.8K $27.00/SF
− Vacancy
−$29.1K −$2.43/SF
EGI
$294.6K $24.57/SF
− OpEx
−$73.7K −$6.14/SF
NOI
$221.0K $18.43/SF
Area
Rochester, MN
Vacancy
9.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,419,660
Cap Rate 7%
$3,156,900
Cap Rate 9%
$2,455,367
Alternative Uses
Best Use
Office B
$3.16M
$2.76M – $3.68M
NOI $220,983 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,312 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building built in 2011 with flexible space for private offices, conference rooms, and open work areas.
Where is this office building located?
The property is located at 2200 2nd St SW Rochester, MN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Class A, stand‑alone office building; Built in 2011; Nearly 12,000 square feet of office space
