407 2Nd Ave NW Rochester, MN 55901
Property profile & analytics
407 2Nd Ave NW Rochester, MN 55901
- Retail space
- 15,111 SF
- 0.52 lot acres
Property ID
US46-1243325
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Powrful Media / Advertising Agency / Marketing & Advertising
- We Feed Birds / (Bike/Boat/Book/etc) Store / Pet Store & Service
Property Details for 407 2Nd Ave NW
- Year built
- 1952
- Lot size
- 0.52 lot acres
- Property size
- 15,111 SF
- Property type
- Retail space
- APN
- 74.35.42.018487
- APU
- 743542018487
Description
This exceptional business opportunity presents a substantial 15,111 square foot commercial property ideally situated at 407 2nd Avenue NW in the vibrant city of Rochester, Minnesota. The property boasts a generous 0.52-acre lot, offering ample space for expansion, development, or outdoor activities related to the business. Located in Rochester, MN, this property benefits from the city's robust economy and thriving business environment. The asking price for this significant commercial asset is $10,000,000. The property's size and location make it suitable for a wide range of business ventures, from retail and office spaces to specialized commercial uses. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering. The substantial square footage provides significant flexibility for a variety of business plans and layouts. The 0.52-acre lot offers potential for future expansion or outdoor amenities. Given its location in Rochester, MN, this property benefits from a strong local economy and a well-established infrastructure. The property is ready for immediate occupancy, presenting a unique opportunity for a discerning investor or business owner seeking a significant presence in a thriving market. Detailed property information and specifications are available upon request. This is a rare opportunity to acquire a substantial commercial property in a desirable location. Don't miss out on this chance to secure a prime asset in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,100,000
- ML approach
- $1,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,523,000
Market price range: $1.10M - $3.94M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4664
- Latitude
- 44.0279
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,654
$367,800
$442,600
$810,400
-
$367,800
$442,600
$810,400
