221 28Th St SE Rochester, MN 55904
- Strip malls
- 10,741 SF
- 1.58 lot acres
Current Use by Public Records
- GameStop / Video Game Store / Collectibles Store
- The Barbershop / Barber Shop
- The Barbershop A Hair Salon for Men / Barber Shop / Hair Salon
- Mega Coin Laundry South / Laundromat / Coin Operated Laundry Equipment Supplier
- GOODWILL PARKING LOT / Parking Lot
Property Details for 221 28Th St SE
- Year built
- 2008
- Lot size
- 1.58 lot acres
- Property size
- 10,741 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 64.14.44.079069
- APU
- 641444079069
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,595,000
- 6.5%
- $4,590,000
- 7%
- $4,110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,880,000
- Geo Method
- $4,955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,355,000
- Retail
- $4,870,000
- Mixed-Use
- $4,615,000
- Hospitality
- $4,395,000
- Educational
- $4,550,000
- Residential Income
- $4,450,000
- Energy
- $4,795,000
- Income-Based Land
- $4,590,000
- Food Service
- $4,455,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4599
- Latitude
- 43.9814
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
