123 16th SW Ave, Rochester, MN 55902-4505
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.
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Cherry Berry Yogurt Bar Cafe & Coffee Shop Take-out & Catering
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About Face Beauty, Inc. Cosmetic Store
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Altra Federal Credit Union Credit Union
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Edible Arrangements (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.