206 Broadway AveRochester, MN 55904
- Office buildings
- 98,352 SF
Property Details for 206 Broadway Ave
- Year built
- 1966
- Lot size
- 0.28 AC
- Property size (Sq ft)
- 98,352 SF
- Property type
- Office buildings
- APN
- 64.02.11.082430
- APU
- 640211082430
Description
This seven-story, Class B office building, constructed in 1970 and renovated in 2018, offers 97,000 square feet of space at 206 Broadway Ave S, Rochester, MN 55904. The property sits on a 0.28-acre lot (961-35,819 sq ft) and currently has 35,819 square feet of vacant space available in multiple tenancies. Individual suites range from 961 to 7,217 square feet. The building features updated elevators and HVAC systems. Its prime downtown location provides stunning city views and convenient access to the Mayo Clinic via the skyway system. The 3a COMMERCIAL PREFERENTIAL zoning allows for a variety of commercial uses. While there are no on-site parking spaces, the building's central location offers easy access to various transportation options and nearby amenities. This is an exceptional opportunity to secure office space in a well-maintained building within Rochester's vibrant downtown core.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $16,189,823
- 6.5%
- $14,944,452
- 7%
- $13,876,991
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,019,886
- Geo Method
- $5,019,886
-
Alternative Use
- Use
- Valuation
- Residential
- $18,531,120
- Hospitality
- $16,974,406
- Educational
- $14,122,507
- Medical
- $14,608,202
- Retail
- $21,968,344
Location Insight
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Latitude
- 44.0213
- Longitude
- -92.4626
- 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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