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    1245 Eastgate Dr Rochester, MN 55904

    Sponsored
    For Lease
    $30 SF/Yr ($4,000 /Mo)

    Rochester, MN Commercial Property: Office & Retail Space

    Lot size:
    1,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,560 square foot mixed-use building, located at 1245 Eastgate Dr SE in Rochester, Minnesota (zip code 55904), presents a compelling investment opportunity. Constructed in 1998, this single-story, Class C building offers a versatile space ideal for office, retail, or showroom use. The property features a spacious, open floor plan, providing flexibility for various business configurations. Adding to its functionality are two adaptable auto bays at the rear, suitable for warehouse storage or other specialized needs. Ample parking is available with 30 spaces in the large lot, ensuring convenience for both employees and clients. The building's prime location, conveniently situated off Marion Rd and Hwy 14 E, provides excellent visibility and accessibility, maximizing exposure to potential customers. The property is zoned commercial (APN: 640144052429) and boasts a single tenancy. This well-maintained building represents a rare opportunity to acquire a functional and strategically located commercial property in a thriving Rochester market. The property's combination of office and potential warehouse space makes it suitable for a wide range of businesses. Don't miss this chance to secure a valuable asset in a desirable location.

    Property Features for 1245 Eastgate Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,560 SF
    Class
    C
    Total Rate
    4000.1

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,560 SF
    Rate per SF
    $30

    HighLights

    • 1,560 SF mixed‑use building in Rochester, MN (55904).
    • Single‑story, Class C building, built in 1998.
    • Versatile space suitable for office, retail, or showroom use; features two auto bays.
    • 30 parking spaces.
    • Excellent visibility and accessibility off Marion Rd and Hwy 14 E.
    • Commercial zoning (APN: 640144052429); currently single‑tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Credit Car Dealer El Nayarita Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -92.4399517
    Latitude
    44.0075154

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    FAQs

    What type of property is this?
    Office Property / Space - Rochester, MN Commercial Property: Office & Retail Space
    Where is this office property / space located?
    The property is located at 1245 Eastgate Dr Rochester, MN.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 1,560 SF mixed-use building in Rochester, MN (55904).; Single-story, Class C building, built in 1998.; Versatile space suitable for office, retail, or showroom use; features two auto bays.
    Request Owner's contact information
    1245 Eastgate Dr 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
    1245 Eastgate Dr Rochester, MN 55904
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