7 1St AveRochester, MN 55902

Property Details for 7 1St Ave

Year built

1900

Lot size

1.89 AC

Property size (Sq ft)

423,328 SF

Property type

Hotels

APN

74.35.43.081707

APU

743543081707

Description

This exceptional portfolio of office spaces in downtown Rochester, MN, totals 568,480 square feet across a 1.87-acre lot. Strategically located near the Mayo Clinic, these properties offer unparalleled visibility and accessibility. Spaces range from cozy 195 square foot suites to expansive 4,000 square foot options, catering to diverse business needs. All locations boast ADA accessibility, prime downtown access with proximity to parking, dining, and hotels. High pedestrian and vehicle traffic ensures maximum exposure for your business. Available spaces are adaptable to various uses, including retail, dining, office, and service industries. Specific suite sizes range from 195 to 4,000 square feet, with multiple options available within various buildings including the Kahler Grand Hotel and Marriott. Several spaces are located on 1st Avenue SW and Center Street, offering a variety of sizes and configurations to suit your business requirements. The location's proximity to the Mayo Clinic provides a constant flow of professionals and visitors, creating a vibrant and dynamic business environment. This is an unparalleled opportunity to establish a presence in one of Rochester's most sought-after commercial districts. Several suites are available within the Kahler Grand Hotel and Marriott, offering unique opportunities for businesses seeking high-profile locations. The diverse range of available spaces ensures a suitable option for businesses of all sizes and types.

• CAP approach

  CAP return

  Valuation

  6%

  $79,149,928

  6.5%

  $73,061,472

  7%

  $67,842,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,775,652

  Geo Method

  $50,775,652

• Alternative Use

  Use

  Valuation

  Residential

  $79,761,896

  Hospitality

  $73,061,472

  Educational

  $60,786,284

  Medical

  $62,876,820

  Retail

  $94,556,440

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.023

Longitude

-92.4652

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].