Property profile

401 Broadway N Ave Rochester, MN 55906

OFF-MARKET
Commercial land
Property ID
US46-1191062
3,680 SF 0.14 ac lot Built 1875
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents prime office space in Rochester, MN's vibrant Lowertown neighborhood. Located on the main floor of the newly constructed BRYK on Broadway apartment building, this versatile space offers 2,476 square feet, divisible into units as small as 200 square feet. The modern design features large glass windows facing Broadway Avenue, providing high visibility. The property boasts a prestigious location near restaurants, shops, and entertainment, with excellent access to major roadways and public transportation. Shared amenities may include a reception area, conference rooms, a kitchenette, restrooms, and ample parking. Ideal for businesses seeking a contemporary, flexible workspace in a thriving community. The building was constructed in 2023 and is zoned commercial (APN: 743541018477). This single-tenant space is perfect for a variety of commercial uses, including traditional office, executive office, coworking, medical office, and creative office needs. The property's location in the rapidly growing Lowertown area offers significant advantages for businesses looking to establish or expand their presence. The building's modern design and convenient amenities create a productive and comfortable work environment.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1875
Total area 3,680 SF
Lot 0.14 ac (6,186 SF)
APN 74.35.41.018477
UPID US46-1191062

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
  • Home Appliance Store IT Consulting Firm
  • (Bike/Boat/Book/etc) Store
  • Apartment Complex Condominium Complex

Location

401 Broadway N Ave Rochester, MN 55906-3651
Rochester metro Census 600 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.14M

Owner & transaction history

since 2021
Last sale
$2.1M
6 recorded transactions
2021
Price N/A
2020
Price N/A
2020
$2.1M
2020
$2.1M
2017
$180,000
2015
$600,000

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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