Property profile

2440 Clare NE Ln Rochester, MN 55906

OFF-MARKET
Sports & entertainment properties
Property ID
US46-1293440
22,242 SF 1.18 ac lot Built 2009
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

2440 Clare NE Ln Rochester, MN 55906-8400
Rochester metro Census 1602 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

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

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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