Property profile

2660 Superior Dr NW Rochester, MN 55901

FOR SALE
Office buildings
Property ID
US46-1341450
5,592 SF 0.39 ac lot Built 2003
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, two-story office building totaling 4,734 square feet, situated at 2660 Superior Dr NW in Rochester, Minnesota. Built in 2003, this single-building property consists of four individual units, offering flexibility for various business needs. The convenient location in Northwest Rochester provides excellent visibility and accessibility, with proximity to major retailers like Costco and Five West, ensuring high traffic and strong tenant appeal. The building boasts practical features designed for ease of use and security, including timed door locks and ample front door parking. The property's APN is 74.20.43.061680, and its location within Olmsted County, Minnesota, offers a stable and desirable market for commercial real estate. This fully occupied asset represents a strong investment opportunity for those seeking a stable income stream and a prime location in a thriving Minnesota city. The property's strategic placement and desirable features make it an attractive option for both investors and tenants alike. This is a rare chance to acquire a well-maintained, fully leased office building in a high-demand area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Total area 5,592 SF
Lot 0.39 ac (17,076 SF)
APN 74.20.43.061680
UPID US46-1341450

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Construction Company General Contractor
  • Medical Clinic Alternative Medicine Practice
  • Title Company
  • Alternative Medicine Practice Spa & Massage Center

Location

2660 Superior Dr NW Rochester, MN 55901
Rochester metro Census 1403 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$1.03M

Owner & transaction history

since 2022
Last sale
$995,000
5 recorded transactions
2022
$875,000
2022
$995,000
2021
$875,000
2017
$710,000
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $980,000 +11.7%
Retail stores $900,000 +2.5%
Commercial (general) $885,000 +0.9%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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