511 3Rd Ave Rochester, MN 55902
This exceptional 7,352 square foot retail space is situated within a vibrant Class A, 129-unit apartment complex at 511 3rd Ave SW, Rochester, MN 55902. Built in 2018, this single-tenant property boasts a prime street-level location in Olmsted County, offering unparalleled visibility and accessibility. The space features versatile floor plans designed to accommodate a variety of businesses, including professional offices, retail establishments, or restaurants. Abundant natural light creates a bright and inviting atmosphere. The property's attractive exterior and well-maintained landscaping contribute to a professional and appealing curb appeal. The intelligent and supportive landlord is committed to tenant success, offering excellent leasing terms and dedicated support to ensure a thriving business environment. The total building square footage is 174,020 square feet. This is a unique opportunity to establish a presence in a high-traffic area within a thriving community. The property's strategic location and modern design make it an ideal choice for businesses seeking a prestigious and accommodating setting. Don't miss this chance to secure a remarkable retail space in a desirable location.
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Residence at Discovery Square Apartment Building Lodging
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The House of Shields Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.