Property profile

2443 Clare NE Ln Rochester, MN 55906

OFF-MARKET
Strip malls
Property ID
US46-1359704
10,682 SF 1.22 ac lot Built 2008
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Thrive Business Center, located at 2443 Clare Ln NE in Rochester, Minnesota, 55906, offers 14 private office suites in a single-story building. Recently renovated in 2024, this traditional office space provides a range of suite sizes, from 200 square feet to 500 square feet, perfect for businesses of various sizes. Amenities include a welcoming lobby area, two convenient conference rooms, a color copy center, high-speed internet access, a fully equipped kitchen, and three restrooms. For added convenience, a dedicated podcast room is also available. The building is fully furnished, offering a turnkey solution for immediate occupancy. Lease terms include all utilities, garbage removal, snow removal, lawn care, maintenance, and cleaning of common areas, providing a hassle-free experience for tenants. This Olmsted County property presents a fantastic opportunity for businesses seeking a professional and well-maintained workspace in a thriving community. Contact us today to learn more about available suites and lease options.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Total area 10,682 SF
Lot 1.22 ac (53,317 SF)
APN 73.30.21.067942
UPID US46-1359704

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
  • Advocacy Group
  • Training Center

Location

2443 Clare NE Ln Rochester, MN 55906-8418
Rochester metro Census 1602 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2005
2 recorded transactions
2005
$641,000
2005
$279,145

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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