Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Strip malls

    221 28Th St SE, Rochester, MN 55904

    10,741 SF 1.58 ac lot Built 2008
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US46-1351571
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents 4,499 square feet of vacant space within the Broadway Marketplace, a multi-tenant center situated in Rochester, Minnesota's thriving Broadway Commons – a major power center. The property, built in 2008 and renovated in 2018, comprises a single building totaling 10,683 square feet and features two suites. Available space ranges from a minimum of 1,300 square feet to a maximum contiguous space of 2,614 square feet, offering flexibility for various retail concepts. One space offers 1,885 square feet with a drive-thru, presenting excellent stacking potential. Another space, previously occupied by T-Mobile, provides 1,300-2,614 square feet on a south endcap. The property boasts high visibility due to its location near the intersection of South Broadway and 28th Street SE, with prominent signage visible from the stoplight. Its proximity to Highway 52 (one block south) ensures convenient access and high traffic volume. Olmsted County taxes are $7.60 per square foot. This prime location within a bustling power center makes this an ideal investment for businesses seeking high visibility and strong foot traffic in a dynamic retail environment. The address is 221 28th St SE, Rochester, MN 55904.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2008
    Total area 10,741 SF
    Lot 1.58 ac (68,868 SF)
    APN 64.14.44.079069
    UPID US46-1351571
    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
    • GameStop Arcade & Gaming Center Electronics & Wireless Store
    • The Barbershop Barber Shop
    • The Barbershop A Hair Salon for Men Barber Shop
    • Mega Coin Laundry South (Bike/Boat/Book/etc) Store
    • GOODWILL PARKING LOT Parking Lot & Garage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.39M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.39M
    Owner & transaction history
    Bbromn001 LLC · 1 yrs held
    Bbromn001 LLC
    since 2024
    Last sale
    $4.4M
    7 recorded transactions
    2024
    $4.4M
    2024
    2021
    $3.0M
    2020
    2018
    $2.7M
    2013
    $2.1M
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message