$2,500,000
MLS# 7064606
24498 sqft
1 / 20
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.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $2,500,000
Contingency: None
ListPrice: 2500000
List Date: 2026-04-29
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 40
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1969
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 130x281
Acres: 0.84
Foundation Size: 24498
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: SECT-03 TWP-106 RANGE-014 CITY LANDS 106-14-03 COM 83RDS 2.79FT W OF NECOR NW1/4 SEC TH W8RDS TH S20RDS TH E8RDS TH N20RDS TO BEG SEC 3 106 14
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 2469
Property ID Number: 640322025830
Tax Year: 2026
Tax Amount: 40063
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: Traveling west on 2nd St from Broadway Ave you will find this property on the South side of the street
Accessible
Partially Wheelchair: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 40432
Building Information
Building Finished SqFt: 24498
Building SqFt: 24498
Construction Status
Previously Owned: 1
Exterior
Concrete: 1
Other: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Public Survey Info
Range#: 14
Section#: 3
Township#: 106
Road Responsibility
Public Maintained Road: 1
Roof
Flat: 1
Sale Options
Sale Includes: Other
Sewer
City Sewer/Connected: 1
Unit 1
Level: Main Level
Unit Number: 2
Unit Total SqFt: 2673
Unit Details
Total Units: 1
Water
City Water/Connected: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Mixed Use: 1
Current Use
Commercial: 1
Event Space: 1
Office: 1
Other: 1
Retail: 1
Potential Use
Office: 1
Professional: 1
Restaurant: 1
Retail: 1
Location Tax and Other Information
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: City Lands
Property Features
Accessible: Partially Wheelchair
CMU Style: Mixed Use
Construction Status: Previously Owned
Current Use: Commercial; Event Space; Office; Other; Retail
Exterior: Concrete; Other
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Parking Lot
Potential Use: Office; Professional; Restaurant; Retail
Road Responsibility: Public Maintained Road
Roof: Flat
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Realty Growth Inc.
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.