221 28Th StRochester, MN 55904
- Retail properties
- 10,741 SF
Property Details for 221 28Th St
- Year built
- 2008
- Lot size
- 1.58 AC
- Property size (Sq ft)
- 10,741 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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