Property summary
This exceptional 22,242-square-foot special purpose property, located at 2440 Clare Ln NE in Rochester, Minnesota, presents a unique investment opportunity. Situated across from Century High School on a highly visible intersection with East Circle Drive, this two-level building boasts significant potential for diverse uses. Previously utilized as a gymnastics facility, its adaptable layout includes tall ceilings, multiple bathrooms, two locker rooms, private offices, and spaces suitable for classrooms or retail. The Olmsted County property (APN 733021078743) offers a single-tenant occupancy, providing flexibility and control. Its prominent location and versatile interior make it ideal for a variety of businesses, including but not limited to event spaces, dog boarding/training facilities, daycare centers, or swim schools. The substantial square footage and existing infrastructure provide a solid foundation for a successful venture. This is a rare opportunity to acquire a well-positioned, spacious building in a thriving Minnesota community with a strong potential for high returns. The property's zip code is 55906.
Property profile
VerifiedCap rate & NOI
Current use
-
Gym & Fitness 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
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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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