2450 Marion RdRochester, MN 55904

Property Details for 2450 Marion Rd

Year built

1977

Lot size

11.97 AC

Property size (Sq ft)

58,131 SF

Property type

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.

• 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

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