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    Investment properties

    318 Broadway Ave S, Rochester, MN 55904

    6,363 SF 0.05 ac lot Built 1900
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-1286522
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1900
    Total area 6,363 SF
    Lot 0.05 ac (2,222 SF)
    APN 64.02.11.014436
    UPID US46-1286522
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mango Thai Restaurant
    • Infinity Web Works Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $902k
    Blend (final) Blend
    $670k
    Owner & transaction history
    Michael J Grinnell · 4 yrs held
    Michael J Grinnell
    since 2022
    2 recorded transactions
    2022
    2013
    $625,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.1M +8.9%
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    More about this property
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