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$1,950,000
Est. payment /mo
0.85 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision City Lands
MLS Listing ID 7064606
Year Built 1969
Annual Tax Amount $40,063
Tax Year 2026
Contingent None
Lot Size 0.848 Acres
Lot Dimensions 130x281
Property Description
This versatile building features a robust layout designed for high-capacity use, including several retail spaces, two large gathering halls, an expansive basement with ample storage, and a commercial-grade kitchen. The interior is well-appointed with private offices and multiple gathering rooms, making it a highly functional asset for an owner-occupier or an investor. Ample onsite parking with over 30 dedicated spaces is a standout feature for this location, providing exceptional convenience in a busy commercial corridor. Currently home to multiple tenants, the property offers the immediate benefit of guaranteed income with significant room for specialized operations or expansion.
Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochester's massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the city's most dynamic districts.
Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochester's massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the city's most dynamic districts.
Location
State MN
County Olmsted
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Other
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Flat
Present Use Commercial,Event Space,Office,Other,Retail
Building
Foundation 24498
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Rochester
Others
Virtual Tour https://player.vimeo.com/video/919787782
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Listed by Justin Collopy • Realty Growth Inc.
NEARBY SCHOOL & BUSINESS
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