2450 Marion RdRochester, MN 55904
- Office properties
- 58,131 SF
Property Details for 2450 Marion Rd
- Year built
- 1977
- Lot size
- 11.97 AC
- Property size (Sq ft)
- 58,131 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 63.17.13.035873
- APU
- 631713035873
Description
This exceptional Rochester, MN property, located at 2450 Marion Rd SE, offers 54,406 square feet of versatile space ideal for a variety of uses. The building, constructed in 1977, is a two-story structure encompassing 5 acres of land and classified as Class C. Currently, there is 46,756 square feet of vacant space available for lease or purchase. The property features ample on-site parking with 50 spaces. The zoning is commercial, and the APN is 631713035873. The building is currently configured as a multi-tenant property, with one tenant occupying 23,378 square feet on the second floor. This space will become available on November 1, 2024. An additional 23,378 square feet of vacant space is available immediately on the first floor. The property's flexible design makes it suitable for light manufacturing, warehousing and distribution, commercial services, or industrial operations. The property will require re-platting upon sale. This presents a unique opportunity to acquire a substantial industrial or creative office space in a prime Rochester location. The building's size, ample parking, and flexible zoning provide significant potential for various business ventures. The available space is divided into two suites, each comprising 23,378 square feet. This allows for flexibility in tenant occupancy and potential for expansion.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $9,569,003
- 6.5%
- $8,832,926
- 7%
- $8,202,002
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,967,006
- Geo Method
- $2,967,006
-
Alternative Use
- Use
- Valuation
- Residential
- $10,952,828
- Hospitality
- $10,032,732
- Educational
- $8,347,115
- Medical
- $8,634,185
- Retail
- $12,984,401
Location Insight
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Latitude
- 43.9872
- Longitude
- -92.404
- 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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].