0 48Th St Rochester, MN 55904
The Shoppes on Maine is a prime retail investment opportunity located in Olmsted County. This five-building, multi-tenant center boasts a total of 100,444 square feet of leasable space, with eight spaces currently available, ranging from 1,000 to 30,886 square feet. The property benefits from a highly desirable location, shadow-anchored by major retailers such as Super Target, Lowe's, and Marcus Theaters, ensuring high foot traffic and visibility. Convenient access is provided via the diamond interchange at 48th Street and County Road 117, offering easy connectivity to Highway 63. Its strategic location offers significant advantages, being just 10 minutes south of downtown Rochester and the renowned Mayo Clinic, and minutes from Rochester International Airport, attracting a diverse customer base. This well-established retail center presents a compelling opportunity for businesses seeking a thriving location with strong anchor tenants and excellent accessibility. The property's multiple tenancy structure offers flexibility for a variety of retail uses, catering to diverse business needs. The expansive square footage provides ample space for both established businesses and new ventures seeking to establish a presence in a high-traffic area. The combination of strong anchors, convenient location, and available space makes this a truly exceptional retail investment opportunity.
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.