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    Property profile & analytics
    OFF-MARKET Estimated value $745,000
    Parking lots & garages

    14 2nd SE St, Rochester, MN 55904-3736

    25,990 SF 0.59 ac lot Built 1981
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US46-1260975
    Property summary
    AI-generated overview

    This exceptional 46,014 square foot low-rise commercial building, situated on a 0.35-acre lot at 14 2nd Street SW in Rochester, Minnesota, presents a unique opportunity for businesses seeking a prime downtown location. The property boasts a highly visible corner location at the intersection of South Broadway and 2nd Street SW, ensuring maximum exposure to potential customers. The building offers flexible lease options, ranging from approximately 2,707 square feet to nearly 15,000 square feet, catering to a variety of business needs, from restaurants and retail establishments to office spaces. Its strategic placement just two blocks from the Mayo Clinic guarantees significant foot traffic and a strong customer base. Further enhancing its appeal is convenient skyway access on both the north and south ends of the building, providing seamless connectivity and accessibility for employees and clients. This property offers an unparalleled chance to establish a thriving business in a vibrant and high-traffic area of Rochester's downtown core. The asking price is $22 million.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 1981
    Total area 25,990 SF
    Lot 0.59 ac (25,613 SF)
    APN 64.02.11.014329
    UPID US46-1260975
    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
    • The BlackRidge Group - Morgan Stanley Financial Advisor
    • 2nd Street Parking Ramp Parking Lot & Garage
    • Cardinal Stritch University College University
    • Paul L Peterman - Morgan Stanley Financial Advisor
    • Kathleen M. Allison - Morgan Stanley Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $745k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $745k
    Owner & transaction history
    CITY ROCHESTER
    CITY ROCHESTER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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