3155 Wellner NE Dr, Rochester, MN 55906-7332
This exceptional 6,000 square foot shopping center presents a rare investment opportunity in Northeast Rochester, Minnesota. Located at 3155 Wellner Dr NE, this single-story building sits on a half-acre lot (APN 74.24.31.057574) and boasts a convenient location near the intersection of Broadway and East Circle Drive, ensuring high visibility and accessibility for businesses and customers alike. Constructed in 1999, the property offers a well-maintained structure ready for immediate occupancy or redevelopment. The property's strategic placement within a rapidly expanding area of Rochester makes it an ideal investment for those seeking strong returns in a thriving market. Its proximity to major thoroughfares guarantees significant foot traffic and easy access for both employees and patrons. The single-building design simplifies management and maintenance, making it an attractive option for investors seeking a low-maintenance, high-yield property. This retail space is perfect for a variety of businesses seeking a prominent location in a dynamic and growing community. The 0.5-acre lot provides ample space for potential expansion or outdoor amenities. Don't miss this chance to acquire a valuable asset in a prime location. This property offers a unique blend of established infrastructure and significant growth potential.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.