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Financial
Distress signals
Property profile

3400 55Th St NW Rochester, MN 55901

FOR LEASE
Retail space
Property ID
US46-1293372
221,003 SF 17.59 ac lot Built 1992
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Northwest Plaza offers a prime retail space in Rochester, Minnesota. This 2,500 square foot unit is located within a thriving regional power center boasting 500,000 square feet of gross leasable area (GLA). The property, situated at 3400 55th St NW, Rochester, MN 55901, benefits from exceptional visibility and high traffic counts, averaging 40,200 cars per day due to its prominent location near the intersection of 55th Street NW and US Highway 52. The space is a former Mayo Express Clinic,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$344k
Tax billed · 2023
Assessed value · 2021$12.06M
Assessed land$4.60M
Assessed improvement$7.46M
Effective rate2.85%

Value estimate

· Oct 2026
$17.67M
$15.90M – $19.44M
Submarket $/SF estimate$22.67M
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$1k
Operating expenses−$12k
NOI · 165,529.41% cap applied$28k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$161/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$73 – $261

Cap rate analysis

How does the asset earn?
165,529.41%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOLMSTED

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.1
Building Supply20.2
Restaurant18.4

Location

3400 55Th St NW Rochester, MN 55901
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5150 Hwy 52nd N, Rochester, MN 55901-0168 $6,000,000 Sep 2024 100,479 SF
2411 7th NW, Rochester, MN 55901-7635 $4,770,000 Apr 2024 66,000 SF
331 16th NW, Rochester, MN 55901-2298 $925,000 Feb 2024 12,444 SF
4221 Cir NW, Rochester, MN 55901-8788 $32,079,806 Jan 2022 93,495 SF
1315 6th NW, Rochester, MN 55901-1822 $20,150,000 Jun 2021 54,038 SF
835 38th NW, Rochester, MN 55901-6985 $1,950,000 Jun 2021 19,207 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
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