1764 Broadway S Ave Rochester, MN 55904-7928
Property profile & analytics
1764 Broadway S Ave Rochester, MN 55904-7928
- Retail space
- 8,036 SF
- 0.93 lot acres
Property ID
US46-1308697
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
- Advance Auto Parts / Auto Parts Store
Property Details for 1764 Broadway S Ave
- Year built
- 2005
- Lot size
- 0.93 lot acres
- Property size
- 8,036 SF
- Property type
- Retail space
- APN
- 64.11.44.074751
- APU
- 641144074751
Description
This 8,036 square foot retail building, formerly an Advance Auto Parts, is situated on a 0.93-acre lot at 1764 Broadway Ave S in Rochester, MN 55904. Built in 2005, the single-story building boasts excellent visibility and ample parking, situated on a major north-south corridor. The property benefits from a new roof membrane (installed 2019) and enjoys a high-traffic location, just two blocks from the planned 60-acre Graham Park redevelopment project. Currently vacant, the property offers a strong investment opportunity due to its location in Rochester, Minnesota's third-largest city, home to the Mayo Clinic. Rochester's robust economy, fueled by the Mayo Clinic, boasts an average household income exceeding $100,000 and a low vacancy rate (2.3% overall, 1.8% for general retail). While the previous tenant, Advance Auto Parts, will vacate March 31, 2025, rent payments are guaranteed until that date. The nearly one-acre lot presents significant redevelopment potential for various tenants, given the low construction activity and strong market demand. This property offers a unique blend of immediate income and long-term redevelopment possibilities in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,055,000
- ML approach
- $1,080,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,510,000
- 6.5%
- $1,390,000
- 7%
- $1,290,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,281,000
Market price range: $129k - $1.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,290,000 Current use
- RESTAURANT
- $1,405,000 Change: +9% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,290,000 Change: +0% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,270,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $1,260,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4626
- Latitude
- 43.9963
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$62,932
$564,800
$1,040,600
$1,605,400
-
$564,800
$1,040,600
$1,605,400
