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Four-Unit Office Condominium
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 Market127

Property Features for 300 3rd Avenue SE

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Parking features Carport, Parking Lot
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: Oct 8 Last Checked: Oct 13 at 7:06PM
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 occupies the north portion of the building’s upper floor and comprises four units. Three are connected to form a larger office suite; the fourth is leased through May 2029. The property contains more than 2,800 square feet of office space in a concrete building constructed in 1978, with central air conditioning and baseboard heat. An elevator provides accessible building access, and parking is located beneath the structure.

At 300 3rd Avenue SE in downtown Rochester, the property sits across the river from the Mayo Civic Center and opposite the Government Center. The building is professionally managed and offers secure access. Views include the riverfront and downtown skyline.

Key Highlights

  • Four condominium office units totaling more than 2,800 square feet
  • Three units are joined as a larger office suite; the fourth is leased through May 2029
  • Parking beneath the building

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 adjoining units operate as a larger office suite, while a separate condominium unit is 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: Four condominium office units totaling more than 2,800 square feet; Three units are joined as a larger office suite; the fourth is leased through May 2029; Parking beneath the building
More about this property
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