14 2Nd St Rochester, MN 55902
- Parking lots & garages
- 25,990 SF
- 0.59 lot acres
Current Use by Public Records
- The BlackRidge Group - Morgan Stanley / Investment Service / Financial Consultant
- 2nd Street Parking Ramp / Parking Garage
- Cardinal Stritch University / College / University
- Paul L Peterman - Morgan Stanley / Investment Service / Financial Consultant
- Kathleen M. Allison - Morgan Stanley / Financial Consultant / Investment Service
Property Details for 14 2Nd St
- Year built
- 1981
- Lot size
- 0.59 lot acres
- Property size
- 25,990 SF
- Property type
- Parking lots & garages
- APN
- 64.02.11.014329
- APU
- 640211014329
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4621
- Latitude
- 44.0209
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA