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    Property profile & analytics
    OFF-MARKET
    Strip malls

    123 16th SW Ave, Rochester, MN 55902-4505

    8,320 SF 0.63 ac lot Built 2012
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-1293132
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cherry Berry Yogurt Bar Cafe & Coffee Shop Take-out & Catering
    • About Face Beauty, Inc. Cosmetic Store
    • Altra Federal Credit Union Credit Union
    • Edible Arrangements (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    RP SECOND STREET LLC
    RP SECOND STREET LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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