2002 2Nd StRochester, MN 55902

  • Specialty properties
  • 24,498 SF
For Sale
$2,700,000 View listing

Property Details for 2002 2Nd St

Year built
1969
Lot size
0.85 AC
Property size (Sq ft)
24,498 SF
Property type
Specialty properties
APN
64.03.22.025830
APU
640322025830

Description

This expansive Rochester, MN commercial property, located at 2002 2nd St SW, offers 24,498 square feet of versatile space ideal for retail, office, or special purpose uses. The main level encompasses 15,380 square feet, including 2,768 square feet of vacant space, featuring large display windows, a small kitchen, a meeting room with a fireplace, and existing smaller offices or retail areas. The lower level provides an additional 9,118 square feet, complete with a large kitchen, a dining hall seating 125, and restrooms with showers. The property boasts 40 parking spaces, an elevator, and sits on a 0.84-acre lot. Built in 1969, this building benefits from excellent visibility and accessibility on a street with a daily traffic count of 7,900 vehicles. This presents a unique opportunity for businesses seeking a substantial and adaptable space in a thriving Uptown neighborhood. The property is available for lease or sale and offers multiple tenancy options. The building is classified as Traditional Office, Coworking, and Creative Office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,615,822
    Hospitality
    $4,228,068
    Educational
    $3,517,704
    Medical
    $3,638,683
    Retail
    $5,471,984

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0211
Longitude
-92.4943
CBSA code
40340
CBSA name
ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42,624
$443,700
$912,100
$1,355,800
-
$443,700
$912,100
$1,355,800

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