3400 55Th StRochester, MN 55901

Property Details for 3400 55Th St

Year built

1992

Lot size

17.59 AC

Property size (Sq ft)

221,003 SF

Property type

Retail properties

Property subtype

Retail space

APN

74.16.21.050280

APU

741621050280

Description

Northwest Plaza offers a prime retail space in Rochester, Minnesota. This 2,500 square foot unit is located within a thriving regional power center boasting 500,000 square feet of gross leasable area (GLA). The property, situated at 3400 55th St NW, Rochester, MN 55901, benefits from exceptional visibility and high traffic counts, averaging 40,200 cars per day due to its prominent location near the intersection of 55th Street NW and US Highway 52. The space is a former Mayo Express Clinic, offering a ready-to-occupy layout. Northwest Plaza is anchored by major retailers including Walmart Supercenter and Sam's Club, ensuring a strong customer base. Additional tenants include a diverse mix of popular businesses such as Petco, Dollar Tree, HomeChoice, Buffalo Wild Wings, and Texas Roadhouse, creating a synergistic retail environment. The entire center comprises 20 suites, with 5,500 square feet currently vacant, presenting a unique opportunity for businesses seeking high-traffic exposure in a well-established retail destination. This location provides excellent access and visibility for businesses seeking to establish or expand their presence in the Rochester market.

• CAP approach

  CAP return

  Valuation

  6%

  $53,477,908

  6.5%

  $49,364,224

  7%

  $45,838,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,425,582

  Geo Method

  $28,425,582

• Alternative Use

  Use

  Valuation

  Residential

  $41,640,568

  Hospitality

  $38,142,536

  Educational

  $31,734,144

  Medical

  $32,825,530

  Retail

  $49,364,224

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0774

Longitude

-92.5115

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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