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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

511 3Rd Ave Rochester, MN 55902

174,020 SF Built 2018
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2018
Total area 174,020 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Residence at Discovery Square Apartment Building Lodging
  • The House of Shields Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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