Current Use by Public Records
- Bethany Ganz / Physician
- Miracle Mile / Shopping Center & Mall
Property Details for 115 16Th Ave
- Year built
- 1979
- Lot size
- 5.45 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional commercial property, located at 115 16th Ave NW in Rochester, Minnesota, presents a unique investment opportunity. The property encompasses a total of 109,168 square feet across two, two-story buildings situated on a 5.45-acre lot. Currently, 3,000 square feet of space is vacant, offering immediate potential for lease income. The property is classified as Class B and was constructed in 1979. Zoned for commercial use (APN 743442083369, Olmsted County), it boasts ample parking with 300 spaces available. The flexible layout is suitable for a variety of uses, including retail, office, and restaurant establishments. Two spaces are currently available, ranging from approximately 5,000 to 5,481 square feet (tenant verification recommended). The property's prime location in the Miracle Mile area provides easy access to numerous amenities, including retail stores, grocery stores, hotels, restaurants, and convenience stores. This versatile space is perfect for both large national companies and smaller businesses seeking a prominent location in a thriving community. The open layout allows for customizable build-outs to meet specific tenant needs. This is an excellent opportunity to acquire a well-located commercial property with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4867
- Latitude
- 44.0242
