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    206 Broadway Ave Rochester, MN 55904

    Sponsored
    For Lease
    $18 SF/Yr

    97,000 SF Office Building, 35,819 SF Vacant

    Lot size:
    97,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This seven-story, Class B office building, constructed in 1970 and renovated in 2018, offers 97,000 square feet of space at 206 Broadway Ave S, Rochester, MN 55904. The property sits on a 0.28-acre lot (961-35,819 sq ft) and currently has 35,819 square feet of vacant space available in multiple tenancies. Individual suites range from 961 to 7,217 square feet. The building features updated elevators and HVAC systems. Its prime downtown location provides stunning city views and convenient access to the Mayo Clinic via the skyway system. The 3a COMMERCIAL PREFERENTIAL zoning allows for a variety of commercial uses. While there are no on-site parking spaces, the building's central location offers easy access to various transportation options and nearby amenities. This is an exceptional opportunity to secure office space in a well-maintained building within Rochester's vibrant downtown core.

    Property Features for 206 Broadway Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    97,000 SF
    Class
    B
    Total Rate
    145500

    Building Details

    Year Built/Renovated
    1970/2018
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    210
    Size
    3,658 SF
    Rate per SF
    $22
    Space
    Suite 310
    Size
    4,119 SF
    Rate per SF
    $22
    Space
    Suite 450
    Size
    4,120 SF
    Rate per SF
    $22
    Space
    Suite 410
    Size
    1,665 SF
    Rate per SF
    $22
    Space
    Suite 400
    Size
    2,196 SF
    Rate per SF
    $22
    Space
    Suite 411
    Size
    961 SF
    Rate per SF
    $22
    Space
    Suite 710
    Size
    4,147 SF
    Rate per SF
    $22
    Space
    Suite 200
    Size
    7,217 SF
    Rate per SF
    $22
    Space
    Suite 611
    Size
    2,693 SF
    Rate per SF
    $22
    Space
    Suite 350
    Size
    3,543 SF
    Rate per SF
    $22

    HighLights

    • Skyway access with stunning downtown views.
    • High‑traffic location at a prime downtown Rochester intersection with approximately 63,000 cars passing daily.
    • Abundant natural light in each suite.
    • Recently updated common areas.
    • Strong tenant roster including Third District Public Defender, NaviNetics, Edelman Financial, Social Security Office, Meyer Borgman Johnson, and Associated Bank.
    Property Profile Location Intelligence

    Current Use by Public Records

    Associated Bank Bank Edelman Financial Engines Financial Planner Rodney D. Anderson ... Estate Planning Attorney RDA Law Attorney Flower City Awning ... Awning Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4626553
    Latitude
    44.0213484

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    FAQs

    What type of property is this?
    Office Property / Space - 97,000 SF Office Building, 35,819 SF Vacant
    Where is this office property / space located?
    The property is located at 206 Broadway Ave Rochester, MN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Skyway access with stunning downtown views.; High-traffic location at a prime downtown Rochester intersection with approximately 63,000 cars passing daily.; Abundant natural light in each suite.
    Request Owner's contact information
    206 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
    206 Broadway Ave Rochester, MN 55904
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