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Downtown Mixed-Use Property
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319 - 325 Broadway Avenue S, Rochester, MN 55902

Renovated spaces and on-site parking near Mayo Clinic and University of Minnesota Rochester support varied commercial and residential uses.

Property SizeContact for details
Days on Market76

Property Features for 319 - 325 Broadway Avenue S

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Taxes and HOA fees

Annual Taxes $83,779

Amenities

On-Site Parking

Building Details

Year Built 1885
Stories 3
Units 4
Listing Agency: Realty Growth Inc.
Listed By: Matt Gove
Source: Ivyrealestategroup
Added: Jun 5 Changed: Aug 19 Last Checked: Aug 19 at 3:20PM

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.

Investment Insights

Based on property information with market context.

This mixed-use property combines existing renovated spaces with on-site parking and an established downtown location. The building dates to 1885, and the property is positioned for continued in-place cash flow or future redevelopment involving retail and multifamily uses.

The site occupies the intersection of Broadway Avenue South and 4th Street South in Rochester’s Historic District. It is 0.2 miles from the University of Minnesota Rochester and 0.3 miles from the Mayo Clinic campus, placing the property near two major local institutions. Its downtown setting and mixed-use classification support consideration of housing, retail, and other combined commercial and residential configurations.

Key Highlights

  • Located at 319 - 325 Broadway Avenue S in Rochester, MN 55902
  • 0.2 miles from the University of Minnesota Rochester campus
  • 0.3 miles from the Mayo Clinic campus

Property Analytics

Current Use

Retail space

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,452
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated spaces and on-site parking near Mayo Clinic and University of Minnesota Rochester support varied commercial and residential uses.
Where is this mixed-use property located?
The property is located at 319 - 325 Broadway Avenue S Rochester, MN.
What are key features of this property?
This property features: Located at 319 - 325 Broadway Avenue S in Rochester, MN 55902; 0.2 miles from the University of Minnesota Rochester campus; 0.3 miles from the Mayo Clinic campus
More about this property
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