318 Broadway Ave S, Rochester, MN 55904
For Lease
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This exceptional 2,121 square foot office space, situated in a historic two-story building (1900) in downtown Rochester, MN (55904), offers a unique blend of character and modern functionality. Located at 318 Broadway Ave S, near 4th St SW, this Class B property boasts 12-foot ceilings, exposed brick, and an abundance of natural light. The open floor plan is ideal for creative office, coworking, or traditional office uses. Three large, ceiling-to-floor windows provide picturesque views of the city. The space includes a break room and ample room for customization, allowing for the creation of a comfortable employee lounge or client gathering area. The building sits on a 0.051-acre lot and is zoned commercial (APN: 64.02.11.014436). While the building itself has no parking spaces, the central downtown location offers easy access to various amenities. Signage opportunities are available to enhance your business visibility. The total building size is 8,484 square feet, with 2,121 square feet currently vacant. This single-tenant space is perfect for a business seeking a unique and inspiring workspace in a vibrant urban setting. The approximate monthly rent is $2,543.
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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.