Property profile

2002 2nd SW St Rochester, MN 55902

OFF-MARKET
Specialty properties
Property ID
US46-1143635
24,498 SF 0.85 ac lot Built 1969
Entity Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1969
Total area 24,498 SF
Lot 0.85 ac (36,982 SF)
APN 64.03.22.025830
UPID US46-1143635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Volunteer Organization Community Center
  • Volunteer Organization Community Center
  • Church
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Discount Store Recycling Center

Location

2002 2nd SW St Rochester, MN 55902-2469
Rochester metro Census 1201 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$570k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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