Property summary
This expansive Rochester, MN commercial property, located at 2002 2nd St SW, offers 24,498 square feet of versatile space ideal for retail, office, or special purpose uses. The main level encompasses 15,380 square feet, including 2,768 square feet of vacant space, featuring large display windows, a small kitchen, a meeting room with a fireplace, and existing smaller offices or retail areas. The lower level provides an additional 9,118 square feet, complete with a large kitchen, a dining hall seating 125, and restrooms with showers. The property boasts 40 parking spaces, an elevator, and sits on a 0.84-acre lot. Built in 1969, this building benefits from excellent visibility and accessibility on a street with a daily traffic count of 7,900 vehicles. This presents a unique opportunity for businesses seeking a substantial and adaptable space in a thriving Uptown neighborhood. The property is available for lease or sale and offers multiple tenancy options. The building is classified as Traditional Office, Coworking, and Creative Office space.
Property profile
VerifiedCap rate & NOI
Current use
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Volunteer Organization Community Center
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Volunteer Organization Community Center
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Church
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(Bike/Boat/Book/etc) Store Home Decor Store
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Discount Store Recycling Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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