101 11Th AveRochester, MN 55902

Property Details for 101 11Th Ave

Year built

2020

Lot size

1.16 AC

Property type

Hotels

APN

74.34.44.085073

APU

743444085073

Description

This exceptional 2,580-square-foot retail space at 101 11th Ave SW presents a unique opportunity for a discerning business owner. Currently vacant and ready for immediate occupancy, this single-tenant property offers a blank canvas for your vision. The building's layout is highly adaptable, making it suitable for a wide range of retail or restaurant concepts. With its generous square footage, the space allows for ample room for product display, customer seating, and operational areas. The property's location on 11th Ave SW provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The building is structurally sound and well-maintained, minimizing upfront capital expenditures. This is an ideal opportunity to establish a thriving business in a vibrant and desirable location. The property is classified as commercial retail, offering a versatile space for various business types. The single-tenant occupancy ensures complete control and customization of the space. Serious inquiries are encouraged to explore the potential of this prime retail location and secure this exceptional opportunity. The property's size and location make it an attractive investment for businesses seeking a strong presence in a high-traffic area. Don't miss out on this chance to secure a prominent retail space in a thriving commercial district. Contact us today to schedule a viewing and begin planning your business's future in this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $9,463,895

  6.5%

  $8,735,903

  7%

  $8,111,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,071,206

  Geo Method

  $6,071,206

• Alternative Use

  Use

  Valuation

  Residential

  $9,537,068

  Hospitality

  $8,735,903

  Educational

  $7,268,169

  Medical

  $7,518,132

  Retail

  $11,306,040

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0222

Longitude

-92.4793

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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