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    401 Broadway Ave Rochester, MN 55906

    For Lease
    $240 SF/Yr

    Modern Office Suites, Lowertown

    Lot size:
    2,476 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents prime office space in Rochester, MN's vibrant Lowertown neighborhood. Located on the main floor of the newly constructed BRYK on Broadway apartment building, this versatile space offers 2,476 square feet, divisible into units as small as 200 square feet. The modern design features large glass windows facing Broadway Avenue, providing high visibility. The property boasts a prestigious location near restaurants, shops, and entertainment, with excellent access to major roadways and public transportation. Shared amenities may include a reception area, conference rooms, a kitchenette, restrooms, and ample parking. Ideal for businesses seeking a contemporary, flexible workspace in a thriving community. The building was constructed in 2023 and is zoned commercial (APN: 743541018477). This single-tenant space is perfect for a variety of commercial uses, including traditional office, executive office, coworking, medical office, and creative office needs. The property's location in the rapidly growing Lowertown area offers significant advantages for businesses looking to establish or expand their presence. The building's modern design and convenient amenities create a productive and comfortable work environment.

    Property Features for 401 Broadway Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,476 SF

    Building Details

    Year Built
    2023
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    2,476 SF
    Rate per SF
    $240

    HighLights

    • 2,476 SF of prime office space in Rochester, MN's Lowertown neighborhood, divisible into units as small as 200 SF.
    • Located on the main floor of the new BRYK on Broadway apartment building, offering high visibility on Broadway Avenue.
    • Prestigious location near restaurants, shops, and entertainment, with easy access to major roadways and public transportation.
    • Modern design with shared amenities (may include reception, conference rooms, kitchenette, restrooms, and parking).
    • Suitable for various commercial uses including traditional office, executive suites, coworking, medical, and creative office spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Architechne Home Automation Company New Spin Bicycle ... Bicycle Shop Bryk on Broadway Apartment Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4635632
    Latitude
    44.0271461

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    FAQs

    What type of property is this?
    Office space - Modern Office Suites, Lowertown
    Where is this office space located?
    The property is located at 401 Broadway Ave Rochester, MN.
    What is the lease rate?
    The lease rate is $240 SF/Yr.
    What are key features of this property?
    This property features: 2,476 SF of prime office space in Rochester, MN's Lowertown neighborhood, divisible into units as small as 200 SF.; Located on the main floor of the new BRYK on Broadway apartment building, offering high visibility on Broadway Avenue.; Prestigious location near restaurants, shops, and entertainment, with easy access to major roadways and public transportation.
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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
    401 Broadway Ave Rochester, MN 55906
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