221 28Th StRochester, MN 55904

Property Details for 221 28Th St

Year built

2008

Lot size

1.58 AC

Property size (Sq ft)

10,741 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

64.14.44.079069

APU

641444079069

Description

This exceptional retail opportunity presents 4,499 square feet of vacant space within the Broadway Marketplace, a multi-tenant center situated in Rochester, Minnesota's thriving Broadway Commons – a major power center. The property, built in 2008 and renovated in 2018, comprises a single building totaling 10,683 square feet and features two suites. Available space ranges from a minimum of 1,300 square feet to a maximum contiguous space of 2,614 square feet, offering flexibility for various retail concepts. One space offers 1,885 square feet with a drive-thru, presenting excellent stacking potential. Another space, previously occupied by T-Mobile, provides 1,300-2,614 square feet on a south endcap. The property boasts high visibility due to its location near the intersection of South Broadway and 28th Street SE, with prominent signage visible from the stoplight. Its proximity to Highway 52 (one block south) ensures convenient access and high traffic volume. Olmsted County taxes are $7.60 per square foot. This prime location within a bustling power center makes this an ideal investment for businesses seeking high visibility and strong foot traffic in a dynamic retail environment. The address is 221 28th St SE, Rochester, MN 55904.

• CAP approach

  CAP return

  Valuation

  6%

  $2,599,088

  6.5%

  $2,399,158

  7%

  $2,227,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,381,516

  Geo Method

  $1,381,516

• Alternative Use

  Use

  Valuation

  Residential

  $2,023,780

  Hospitality

  $1,853,771

  Educational

  $1,542,316

  Medical

  $1,595,358

  Retail

  $2,399,158

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

43.9814

Longitude

-92.4599

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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