For Sale: Rochester MLS# 6757540
Active
NEW!
$3,800,000
Commercial: Apartments/Retail
Built 1885
0.42 acres
Rochester schools
MLS# 6757540
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Positioned on one of Downtown Rochester’s premier intersections—Broadway & 4th Street South—this property presents a compelling opportunity for investors seeking either steady in-place cash flow or a high-potential redevelopment opportunity. Ideally situated just 0.3 miles from the heart of the Mayo Clinic campus and 0.2 miles from the rapidly expanding University of Minnesota Rochester, the property benefits from proximity to two of the city's most influential institutions. Located in Rochester’s highly walkable Historic District and zoned MXD-BUS—Rochester’s most intensive development classification—this site is uniquely positioned to meet the city’s growing demand for housing, retail, and mixed-use spaces. While parceling the property is possible, the combined footprint represents a rare chance to reimagine a significant section of downtown. No other available site matches its scale, zoning, and proximity to Rochester’s key economic drivers.
Property Highlights
-Significant Redevelopment Opportunity
-Current Cash Flow
-On-Site Parking
-Newly Renovated Spaces
-Central Downtown Location
-Retail & Multi-Family Potential
- 0.2 Miles to UMR Campus
- 0.3 Miles to Mayo Clinic
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,800,000
Property Type:
Commercial
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1885
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55902
Subdivision Name:
Moe & Olds Add-Pt Torrens
Interior
Ceiling Height:
11-15
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
20
Foundation Size:
12,880 ft2
Foundation Dimensions:
140x92
Handicap Accessible:
Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Brick Veneer
Roof Details:
Flat
Lot & Land
Acres:
0.42
Geolocation:
44.019524, -92.463498
Inclusions:
Building
Lot Dimensions:
140 x 130
Addl Parcels:
640211014307, 640211014306
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
535
District Phone:
507-328-3000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$83,779
Lender-owned:
Not disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$85,821
Units
Total Units:
4
Miscellaneous
Current Use:
- Commercial
- Office
- Residential
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.