Search
4-Unit Office Condominium

300 3rd Avenue SE, Rochester, MN 55904

For Sale
$1,160,000

Commercial Sale, Rochester, MN

Property SizeContact for details
Lot Size0.43 Acres
Days on Market157

Property Features for 300 3rd Avenue SE

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Parking features Parking Lot, Carport
Accessibility Accessible Elevator Installed
Subdivision Ironwood Square
High school district Rochester
Directions From Hwy 15 take Civic Center Drive to 3rd Ave
Standard status Active
APN 640122015083
Lot size 0.43 Acres

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9408

Utilities

Heating system Baseboard
Cooling system Central Air

Amenities

secure building access

Building Details

Year built 1978
Building materials Concrete
Listing Agency: Property Brokers of Minnesota
Listed By: Brian Rossow · License MN #40146296
Added: Jun 9 Changed: Oct 31 Last Checked: Nov 12 at 6:06AM
MLS# 7089925

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This office condominium comprises four units on the north side of the building’s top floor, with more than 2,800 square feet in total. Three units are joined as one office suite; the fourth is leased through May 2029. The building, constructed in 1978, has concrete construction, central air, baseboard heat, and an accessible elevator.

On-site parking includes spaces beneath the building. The property is across the river from the Mayo Civic Center and opposite the Government Center in downtown Rochester.

Key Highlights

  • Four office condominium units totaling more than 2,800 square feet
  • Three units are connected as one office suite
  • Fourth unit leased through May 2029

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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
View Realmo Analytics

Market

Properties on Market for Office Units in Rochester

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Three connected units form a larger suite, while the fourth is leased through May 2029.
Where is this office unit 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: Four office condominium units totaling more than 2,800 square feet; Three units are connected as one office suite; Fourth unit leased through May 2029
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved