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    3038 Jeremiah Ln Rochester, MN 55901

    For Lease
    $27 SF/Yr

    Modern Office Suites Available Now

    Lot size:
    25,727 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This prestigious Class A office building, completed in 2023, offers 25,727 square feet of executive office space at 3038 Jeremiah Ln NW, Rochester, MN 55901. Currently, 5,500 square feet of immediately available space is perfect for businesses seeking a modern and versatile workspace. The building boasts generous on-site parking, catering to both employees and clients. Located in Olmsted County, this property enjoys a prime location in a rapidly growing sector of Rochester, offering convenient access to a variety of amenities and attractions, including popular restaurants like Five West and Tap House. The building's design allows for customizable office spaces to accommodate unique business needs, and a tenant improvement budget is available. This is an exceptional opportunity to establish your business in a thriving area with easy access to major transportation routes. The well-maintained facilities provide a polished and adaptable environment, ideal for businesses seeking to elevate their operations. Don't miss this chance to secure your ideal office space in this vibrant and convenient location. The multiple tenancy structure allows for flexibility and scalability.

    Property Features for 3038 Jeremiah Ln

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,727 SF
    Class
    A
    Total Rate
    57885.75

    Building Details

    Year Built
    2023

    Unit(s) available at that property

    Space
    19th St. Professional Office Building
    Size
    5,500 SF
    Rate per SF
    $27

    HighLights

    • 25,727 SF Class A office building, 5,500 SF immediately available, completed in 2023 at 3038 Jeremiah Ln NW, Rochester, MN.
    • Convenient access from Hwy 52 and W Circle Dr.
    • Modern architecture with abundant glass.
    • Ample on‑site parking.
    • Prime location in a rapidly growing Rochester sector.
    • Proximity to Lourdes High School and The Rochester Athletic Club.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5085469
    Latitude
    44.044122

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office Suites Available Now
    Where is this office property / space located?
    The property is located at 3038 Jeremiah Ln Rochester, MN.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 25,727 SF Class A office building, 5,500 SF immediately available, completed in 2023 at 3038 Jeremiah Ln NW, Rochester, MN.; Convenient access from Hwy 52 and W Circle Dr.; Modern architecture with abundant glass.
    Request Owner's contact information
    3038 Jeremiah Ln Rochester, MN 55901
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    Rochester, MN 55901
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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
    3038 Jeremiah Ln Rochester, MN 55901
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