1903 Broadway AveRochester, MN 55904

Property Details for 1903 Broadway Ave

Year built

1970

Lot size

0.41 AC

Property size (Sq ft)

8,038 SF

Property type

Office buildings

APN

64.11.44.008349

APU

641144008349

Description

This two-story, 8,038 square foot Class B office building, located at 1903 Broadway Ave S, Rochester, MN 55904, offers multiple executive suites for lease. Built in 1970, the property sits on 0.41 acres and features a total of three available spaces ranging from 140 to 1,800 square feet. The building is zoned Commercial/Industrial and includes shared parking. The property is conveniently located near 19th Street SW and offers a collaborative environment with shared common areas. While there are no elevators, the building's design provides easy access to all office spaces. The Olmsted County property (APN 641144008349) presents a unique opportunity for businesses seeking flexible and versatile office solutions in a professional setting. The available spaces cater to various business needs and budgets, providing an ideal balance of comfort and productivity. Ample parking ensures convenient access for tenants and clients. This is an excellent opportunity to establish a presence in a thriving Rochester business community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,323,143

  6.5%

  $1,221,363

  7%

  $1,134,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,260

  Geo Method

  $410,260

• Alternative Use

  Use

  Valuation

  Residential

  $1,514,490

  Hospitality

  $1,387,265

  Educational

  $1,154,188

  Medical

  $1,193,882

  Retail

  $1,795,404

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

43.9941

Longitude

-92.4633

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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