Property profile

123 16th SW Ave Rochester, MN 55902

OFF-MARKET
Strip malls
Property ID
US46-1293132
8,320 SF 0.63 ac lot Built 2012
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail opportunity, located within the Shoppes on Second, presents a versatile space ideal for various businesses. The property, built in 2012, offers a single-story building totaling 11,520 square feet situated on a 0.63-acre lot. Currently, 2,933 square feet of contiguous space is available for lease, with the potential to lease smaller units down to 1,425 square feet. The space was previously occupied by a hair salon, and some existing salon infrastructure remains. This presents a unique advantage for businesses in the beauty industry or those seeking a ready-made layout. The property boasts excellent visibility due to its location off 2nd Street, providing ample opportunities for prominent signage. Its strategic location near Highway 52, the downtown area, and St. Mary's Hospital ensures high traffic and accessibility. The property is zoned commercial and features a single building with multiple suites. The APN is 74.34.43.079535, located in Olmsted County. This is a rare chance to secure a well-positioned retail space in a thriving area. The adaptable layout and existing infrastructure make this an attractive option for a variety of businesses seeking a high-visibility location with convenient access to major transportation routes and key community amenities.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2012
Total area 8,320 SF
Lot 0.63 ac (27,443 SF)
APN 74.34.43.079535
UPID US46-1293132

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop Take-out & Catering
  • Cosmetic Store
  • Credit Union
  • (Bike/Boat/Book/etc) Store

Location

123 16th SW Ave Rochester, MN 55902-4505
Rochester metro Census 500 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 123 16th SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message