2450 Marion RdRochester, MN 55904

  • Office properties
  • 58,131 SF
For Lease
$6.50/SF/YR View listing

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
2450 Marion Rd, Rochester, Minnesota

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$100,742
$521,200
$2,784,500
$3,305,700
-
$521,200
$2,784,500
$3,305,700

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