115 16Th Ave, Rochester, MN 55901
This exceptional Rochester, MN retail property boasts 73,242 square feet on a 5.45-acre lot, offering multiple spaces ideal for diverse businesses. Its prime location near St. Mary's Hospital (part of the Mayo Clinic) and a major highway ensures high visibility and traffic. The property features large display windows for optimal showcasing, ample parking, and ADA-compliant access. Recent upgrades include a new roof (2024) and a modernized faГ§ade (approximately five years ago). The versatile spaces are perfect for retail, office, dining, medical, education, podcasting, or health and wellness businesses, offering open layouts ready for custom build-outs. This is an excellent opportunity for both national and local businesses. The property also includes two additional buildings at 36 17th Ave NW (5,481 sq ft) and 116 17th Ave NW (5,035 sq ft), all situated in the thriving Miracle Mile area, surrounded by numerous retail stores, grocery stores, hotels, restaurants, and convenience stores. This location offers unparalleled convenience and accessibility, making it an exceptional investment opportunity. The property's size, location, and recent upgrades make it a highly desirable option for businesses seeking a prominent presence in Rochester.
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Bethany Ganz Physician
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Miracle Mile Shopping Center & Mall
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.