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    318 Broadway Ave Rochester, MN 55904

    Sponsored
    For Lease
    $204 SF/Yr

    Historic Charm, Modern Amenities, 2,121 SF Available

    Lot size:
    8,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,121 square foot office space, situated in a historic two-story building (1900) in downtown Rochester, MN (55904), offers a unique blend of character and modern functionality. Located at 318 Broadway Ave S, near 4th St SW, this Class B property boasts 12-foot ceilings, exposed brick, and an abundance of natural light. The open floor plan is ideal for creative office, coworking, or traditional office uses. Three large, ceiling-to-floor windows provide picturesque views of the city. The space includes a break room and ample room for customization, allowing for the creation of a comfortable employee lounge or client gathering area. The building sits on a 0.051-acre lot and is zoned commercial (APN: 64.02.11.014436). While the building itself has no parking spaces, the central downtown location offers easy access to various amenities. Signage opportunities are available to enhance your business visibility. The total building size is 8,484 square feet, with 2,121 square feet currently vacant. This single-tenant space is perfect for a business seeking a unique and inspiring workspace in a vibrant urban setting. The approximate monthly rent is $2,543.

    Property Features for 318 Broadway Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,484 SF
    Class
    B
    Total Rate
    144228

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    1,795 SF
    Rate per SF
    $204
    Property Profile Location Intelligence

    Current Use by Public Records

    Mango Thai Thai Restaurant Infinity Web Works Website Designer

    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
    -92.4626457
    Latitude
    44.0198152

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    FAQs

    What type of property is this?
    Coworking space - Historic Charm, Modern Amenities, 2,121 SF Available
    Where is this coworking space located?
    The property is located at 318 Broadway Ave Rochester, MN.
    What is the lease rate?
    The lease rate is $204 SF/Yr.
    Request Owner's contact information
    318 Broadway Ave Rochester, MN 55904
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    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
    318 Broadway Ave Rochester, MN 55904
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