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    1201 Broadway Ave Rochester, MN 55902

    For Lease
    $12 SF/Yr

    Prime Retail Space, 3 Buildings, High Visibility

    Lot size:
    111,412 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity presents three buildings totaling 111,412 square feet within the Crossroads Shopping Center in Rochester, Minnesota. Situated on a 10.11-acre lot at the prominent intersection of South Broadway Avenue and Highway 14 East, this Class B property boasts high visibility and accessibility. Built in 1963 and renovated in 1992, the single-story buildings offer multiple suite options ranging from 2,470 to 20,775 square feet, catering to a variety of retail tenants. The property is zoned commercial and features a total of three suites across the three buildings. The property's location within a well-established shopping center ensures high foot traffic and exposure to a large customer base. With a long-standing history of serving the Rochester community, this property offers a unique opportunity for businesses seeking a strong presence in a thriving market. The Olmsted County Assessor's Parcel Number (APN) is 641112053689. Annual property taxes are $4.77 per square foot. This is a multiple-tenancy property.

    Property Features for 1201 Broadway Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    111,412 SF
    Class
    B
    Total Rate
    111412

    Building Details

    Year Built/Renovated
    1963/1992
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 28
    Size
    20,775 SF
    Rate per SF
    $12
    Space
    Suite 40
    Size
    2,470 SF
    Rate per SF
    $19

    HighLights

    • Three‑building, 111,412 SF retail investment opportunity in Rochester, MN's Crossroads Shopping Center.
    • 10.11‑acre lot at high‑visibility intersection of S. Broadway Ave. & Hwy 14 E.
    • Class B property, built in 1963, renovated in 1992; single‑story buildings.
    • Multiple suite options, 2,470 - 20,775 SF; three suites total across three buildings.
    • Commercial zoning; high foot traffic in established shopping center.
    • Olmsted County APN: 641112053689; Annual property taxes: $4.77/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chick-fil-A Caterer Chipotle Mexican Grill Caterer Savers Thrift Store Crossroads License Bureau License Bureau Crossroads Center Shopping Mall

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4654366
    Latitude
    44.0052729

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 3 Buildings, High Visibility
    Where is this retail property located?
    The property is located at 1201 Broadway Ave Rochester, MN.
    What is the lease rate?
    The lease rate is $12-$19 SF/Yr.
    What are key features of this property?
    This property features: Three-building, 111,412 SF retail investment opportunity in Rochester, MN's Crossroads Shopping Center.; 10.11-acre lot at high-visibility intersection of S. Broadway Ave. & Hwy 14 E.; Class B property, built in 1963, renovated in 1992; single-story buildings.
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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
    1201 Broadway Ave Rochester, MN 55902
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