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    425 Broadway Ave Rochester, MN 55904

    For Lease
    $25 SF/Yr

    Prime Retail/Restaurant Opportunity, 9,347 SF Available

    Lot size:
    190,834 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity encompasses 9,347 square feet of vacant space within the prestigious Maven on Broadway building in downtown Rochester, Minnesota. Located at 425 Broadway Ave S, this property boasts a total building size of 190,834 square feet, spread across six stories in a single, 2018-constructed building situated on a 1.32-acre lot (APN 640212084145). The space is divisible into units as small as 1,918 square feet, offering flexibility for various business models. The property is zoned 3a COMMERCIAL PREFERENTIAL, allowing for a wide range of uses. While the building offers no on-site parking, its prime downtown location provides easy access to public transportation and ample nearby parking options. This completely raw space presents a unique chance to create a custom design, perfectly tailored to your specific needs. The high visibility location within a thriving downtown area, coupled with the building's modern construction and desirable address, makes this an unparalleled investment opportunity. Property taxes are $3.70 per square foot. This is a blank canvas awaiting a visionary entrepreneur to establish a thriving business in the heart of Rochester.

    Property Features for 425 Broadway Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    190,834 SF
    Total Rate
    397570.83

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Main Floor Commercial Space
    Size
    9,347 SF
    Rate per SF
    $25

    HighLights

    • 9,347 SF of vacant retail space available in the Maven on Broadway building, downtown Rochester, MN.
    • Located at 425 Broadway Ave S, this space is divisible into units as small as 1,918 SF.
    • Zoned 3a COMMERCIAL PREFERENTIAL, ideal for retail or restaurant/bar use.
    • High‑visibility location in a thriving downtown area with easy access to public transportation and ample nearby parking.
    • Property taxes are $3.70/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Maven on Broadway Apartments Apartment Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.463771
    Latitude
    44.018268

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail/Restaurant Opportunity, 9,347 SF Available
    Where is this restaurant located?
    The property is located at 425 Broadway Ave Rochester, MN.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 9,347 SF of vacant retail space available in the Maven on Broadway building, downtown Rochester, MN.; Located at 425 Broadway Ave S, this space is divisible into units as small as 1,918 SF.; Zoned 3a COMMERCIAL PREFERENTIAL, ideal for retail or restaurant/bar use.
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    425 Broadway Ave Rochester, MN 55904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    425 Broadway Ave Rochester, MN 55904
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