Mixed-Use Office and
For Sale
Contact for pricing
917 N Broadway Ave, Rochester, MN 55901
For sale mixed-use property offering 1,999 sq ft of office and retail space.
Property Size1,999 SF
Price / SF$200.10
Days on Market130
Property Features for 917 N Broadway Ave
General Information
Standard status
Active
Size
1,999 SF
Property subtype
Mixed Use, Office, Retail
Listing Agency:
Keller Williams Premier Realty - Rochester
Listed By:
Tom Wilson · License #40576279
Source:
Crexi
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 31 at 10:14AM
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 Keller Williams Premier Realty - Rochester
Investment Insights
Based on property information with market context.
This mixed-use property is offered for sale and totals 1,999 square feet, combining office and retail space within one asset.
Located at 917 N Broadway Ave in Rochester, MN 55901, the building is positioned for tenants seeking a mixed-use setup with both office and retail components under one roof.
The available footprint supports a flexible configuration for office and retail uses, making it suitable for an owner-occupant or a buyer looking to acquire space that spans both categories.
Located at 917 N Broadway Ave in Rochester, MN 55901, the building is positioned for tenants seeking a mixed-use setup with both office and retail components under one roof.
The available footprint supports a flexible configuration for office and retail uses, making it suitable for an owner-occupant or a buyer looking to acquire space that spans both categories.
Key Highlights
- Mixed‑use property for sale offering 1,999 sq ft
- Includes office and retail space within the 1,999 sq ft footprint
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $16.56 |
| − Vacancy | −$960 | −$0.48 |
| EGI | $32.1k | $16.08 |
| − OpEx | −$9.6k | −$4.82 |
| NOI | $22.5k | $11.26 |
1,999 SF · lease $16.56/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$526.2K
$460.5K – $614.0K
NOI $36,837 @ 7.0% cap · market cap 9.21%
Second Best
Retail
$321.4K
$281.3K – $375.0K
NOI $22,500 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$769.9K
$673.7K – $898.2K
NOI $53,894 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - For sale mixed-use property offering 1,999 sq ft of office and retail space.
Where is this office units located?
The property is located at 917 N Broadway Ave Rochester, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Mixed‑use property for sale offering 1,999 sq ft; Includes office and retail space within the 1,999 sq ft footprint
