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    OFF-MARKET
    Retail properties & Spaces

    115 16Th Ave, Rochester, MN 55901

    73,242 SF 5.45 ac lot Built 1979
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1979
    Total area 73,242 SF
    Lot 5.45 ac (237,402 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
    • Bethany Ganz Physician
    • Miracle Mile Shopping Center & Mall
    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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