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    Property profile & analytics
    OFF-MARKET Estimated value $705,000
    Sports & entertainment properties

    2440 Clare NE Ln, Rochester, MN 55906-8400

    22,242 SF 1.18 ac lot Built 2009
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-1293440
    Property summary
    AI-generated overview

    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
    Verified
    Property type Sports & entertainment properties
    Use group RECREATIONAL, ENTERTAINMENT
    Year built 2009
    Total area 22,242 SF
    Lot 1.18 ac (51,575 SF)
    APN 73.30.21.078743
    UPID US46-1293440
    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
    • Jets Gymnastics Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $620k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $789k
    Blend (final) Blend
    $705k
    Owner & transaction history
    VIDYA INVESTMENTS PROPERTIES
    VIDYA INVESTMENTS PROPERTIES
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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