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    FOR SALE
    Retail space

    407 2Nd Ave NW, Rochester, MN 55901

    15,111 SF 0.52 ac lot Built 1952
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US46-1243325
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1952
    Total area 15,111 SF
    Lot 0.52 ac (22,695 SF)
    APN 74.35.42.018487
    UPID US46-1243325
    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
    • Powrful Media Advertising Agency Marketing & Advertising
    • We Feed Birds (Bike/Boat/Book/etc) Store Pet Store & Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.10M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.52M
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    Zimcollins Real Estate LLC · 2 yrs held
    Zimcollins Real Estate LLC
    since 2024
    Last sale
    $1.1M
    5 recorded transactions
    2024
    $1.1M
    2020
    $1.1M
    2019
    $500
    2019
    $325,000
    2013
    $325,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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