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Open-Concept Retail Warehouse Opportunity
For Sale
$1,295,000

407 2nd Ave Nw, Rochester, MN 55902

Expansive open-concept space with ADA access and 35 on-site parking spaces, located minutes from Downtown Rochester.

Property SizeContact for details
Days on Market259

Property Features for 407 2nd Ave Nw

General Information

Standard status Active
Total Parking Spaces 35

Taxes and HOA fees

Annual Taxes $22,028

Amenities

ADA accessible
Listing Agency: Realty Growth Inc.
Listed By: Robert Bucky Beeman
Source: Exprealty
Added: Dec 8, 2025 Changed: Aug 23 Last Checked: Aug 24 at 8:53AM

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 versatile commercial property features an expansive open-concept layout suitable for retail, warehouse, or mixed-use concepts. The building is ADA accessible and includes on-site parking for 35 spaces, supporting both customer and staff access.

The property is located just minutes from Downtown Rochester, with the address at 407 2nd Ave NW. Public remarks note it was formerly home to a well-known Rochester business.

According to the provided information, the property is within an approved zone on the Olmsted County Cannabis Map, and the owner is open to leasing to licensed cannabis-related businesses, subject to compliance with applicable local and state regulations.

Key Highlights

  • Minutes from Downtown Rochester, with an expansive open‑concept space for retail, warehouse, or mixed‑use.
  • On‑site parking for customers and staff, with 35 spaces.
  • ADA accessible for inclusive operations.

Property Analytics

Current Use

Powrful Media Advertising Agency We Feed Birds (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Auto Parts Store Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon

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

7,071
Businesses Nearby
58k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 81% Hotels & Casinos 15% Home Improvements & Furnishings 2% Shops & Services 2%
McDonald's Dining
21,172 visits/mo 0.5 miles
Taco Bell Dining
12,492 visits/mo 0.2 miles
Great Harvest Bread Co. Dining
5,772 visits/mo 0.2 miles
Residence Inn by Marriott Rochester Mayo Clinic Area Hotels & Casinos
5,682 visits/mo 0.3 miles
Moka Dining
4,910 visits/mo 0.4 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Expansive open-concept space with ADA access and 35 on-site parking spaces, located minutes from Downtown Rochester.
Where is this retail space located?
The property is located at 407 2nd Ave Nw Rochester, MN.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Minutes from Downtown Rochester, with an expansive open‑concept space for retail, warehouse, or mixed‑use.; On‑site parking for customers and staff, with 35 spaces.; ADA accessible for inclusive operations.
More about this property
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