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4-Unit Office Condominium
For Sale
$1,160,000

300 3RD Avenue SE, Rochester, MN 55904

Three connected units function as one suite, with a fourth leased through May 2029.

Property SizeContact for details
Days on Market168

Property Features for 300 3RD Avenue SE

General Information

Standard status Active
Property subtype Commercial
Lease Term []

Additional Details

Floor Top Floor
Office Units 4

Amenities

secure building access
Accessible Elevator Installed
Hallways 42"+

Building Details

Year Built 1978
Listing Agency: Property Brokers of Minnesota
Listed By: Brian Rossow · License #40146296
Source: C21atwood
Added: Apr 26 Changed: Oct 10 Last Checked: Oct 10 at 2:48AM

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 Property Brokers of Minnesota

Investment Insights

Based on property information with market context.

The offering comprises four condominium units occupying the north side of the top floor at 300 3rd Avenue SE. The combined area exceeds 2,800 square feet. Three units are connected as a single office suite; the fourth is leased through May 2029. Parking is located beneath the building, and the property has secure building access and professional management.

The office is across the river from Mayo Civic Center and directly opposite the Government Center in downtown Rochester. Riverfront and downtown skyline views are available from the building.

Key Highlights

  • More than 2,800 square feet of office space
  • Four condominium units on the north side of the top floor
  • Three units connect as one office suite; the fourth is leased through May 2029

Property Analytics

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Current Use

Luke Johnson Realtor Real Estate Agency Better Homes and Gardens ... Real Estate Agency Casey Gorman - Edina ... Real Estate Agency Ironwood Square Building Consultant Associates In Psychiatry: Lilly ... Physician

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store HVAC Service Building Supply Nail Salon Auto Repair Shop

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

4
Office units

Location Intelligence

Trade Area within ½ mile

7,129
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Three connected units function as one suite, with a fourth leased through May 2029.
Where is this office units located?
The property is located at 300 3RD Avenue SE Rochester, MN.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: More than 2,800 square feet of office space; Four condominium units on the north side of the top floor; Three units connect as one office suite; the fourth is leased through May 2029
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