1764 Broadway AveRochester, MN 55904

Property Details for 1764 Broadway Ave

Year built

2005

Lot size

0.93 AC

Property size (Sq ft)

8,036 SF

Property type

Retail space

APN

64.11.44.074751

APU

641144074751

Description

This 8,036 square foot retail building, formerly an Advance Auto Parts, is situated on a 0.93-acre lot at 1764 Broadway Ave S in Rochester, MN 55904. Built in 2005, the single-story building boasts excellent visibility and ample parking, situated on a major north-south corridor. The property benefits from a new roof membrane (installed 2019) and enjoys a high-traffic location, just two blocks from the planned 60-acre Graham Park redevelopment project. Currently vacant, the property offers a strong investment opportunity due to its location in Rochester, Minnesota's third-largest city, home to the Mayo Clinic. Rochester's robust economy, fueled by the Mayo Clinic, boasts an average household income exceeding $100,000 and a low vacancy rate (2.3% overall, 1.8% for general retail). While the previous tenant, Advance Auto Parts, will vacate March 31, 2025, rent payments are guaranteed until that date. The nearly one-acre lot presents significant redevelopment potential for various tenants, given the low construction activity and strong market demand. This property offers a unique blend of immediate income and long-term redevelopment possibilities in a thriving market.

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

43.9963

Longitude

-92.4626

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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