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Connected Top-Floor Office Units
For Sale
$1,160,000

300 3rd Avenue SE, Rochester, MN 55904

Commercial Sale, Rochester, MN

Property SizeContact for details
Lot Size0.43 Acres
Days on Market80

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
Exterior features Brick/Stone, Stucco
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

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9408

Utilities

Heating system Baseboard, Oil
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 #40146296
Added: Jun 9 Changed: Aug 27 Last Checked: Aug 27 at 9:06AM
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.

Investment Insights

Based on property information with market context.

The office condominium property encompasses the north side of a building’s top floor and is divided into four units. Three are joined as one larger suite, while the fourth is leased through May 2029. The layout can accommodate continued use as a combined office or separation into individual spaces for multiple occupants.

Parking is positioned beneath the building, with additional parking lot and carport features. The property includes secure building access and an accessible elevator. Located at 300 3rd Avenue SE, the building sits across the river from the Mayo Civic Center and opposite the Government Center, with riverfront and downtown skyline views. The 1978 structure features concrete construction, brick/stone and stucco exteriors, central air, and baseboard and oil heating.

Key Highlights

  • Four condominium office units occupy the north side of the top floor
  • Three units are connected into one larger office suite
  • Fourth unit is leased through May 2029

Property 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

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Four condominium units offer flexible configurations for an owner-user, single tenant, or multiple occupants.
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: Four condominium office units occupy the north side of the top floor; Three units are connected into one larger office suite; Fourth unit is leased through May 2029
More about this property
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