1800 Broadway AveRochester, MN 55906

Property Details for 1800 Broadway Ave

Year built

1977

Lot size

0.48 AC

Property size (Sq ft)

2,135 SF

Property type

Commercial real estate

APN

74.26.41.020023

APU

742641020023

Description

This exceptional 2,320-square-foot flex space in Rochester, Minnesota, offers a perfect blend of warehouse and office functionality. Situated at 1800 N Broadway Ave, this single-tenant property boasts a highly desirable location, just five minutes from the city's downtown core. The space is meticulously maintained and features 1,620 square feet of warehouse area, ideal for storage or light manufacturing, complemented by 700 square feet of well-appointed office space. The property's convenient access from North Broadway ensures effortless commutes and ample parking is available for employees and clients. Located in Olmsted County, this property presents a unique opportunity for businesses seeking a versatile and strategically positioned workspace. The property is classified as Office and Industrial, with a Flex subtype, making it suitable for a wide range of commercial uses. This single-tenant occupancy provides privacy and control over the entire space. The property's address is 1800 N Broadway Ave, Rochester, MN 55906. Its prime location and functional layout make it an attractive option for businesses seeking to establish or expand their operations in a thriving Minnesota community.

• CAP approach

  CAP return

  Valuation

  6%

  $398,304

  6.5%

  $367,665

  7%

  $341,403

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,970

  Geo Method

  $108,970

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $740,038

  Retail / Commercial

  $376,318

  Mixed-Use / Specialty

  $372,479

  Hospitality / Lodging

  $270,024

  Office

  $367,665

  Institutional / Educational

  $386,336

  Residential Income

  $452,013

  Multifamily

  $555,965

  Automotive / Energy

  $331,145

  Parking / Income-Based Land

  $116,741

  Restaurant / Food Service

  $188,399

  Healthcare / Senior Housing

  $384,532

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0422

Longitude

-92.4596

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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