2660 Superior DrRochester, MN 55901

Property Details for 2660 Superior Dr

Year built

2003

Lot size

0.39 AC

Property size (Sq ft)

5,592 SF

Property type

Office buildings

APN

74.20.43.061680

APU

742043061680

Description

This exceptional investment opportunity presents a fully leased, two-story office building totaling 4,734 square feet, situated at 2660 Superior Dr NW in Rochester, Minnesota. Built in 2003, this single-building property consists of four individual units, offering flexibility for various business needs. The convenient location in Northwest Rochester provides excellent visibility and accessibility, with proximity to major retailers like Costco and Five West, ensuring high traffic and strong tenant appeal. The building boasts practical features designed for ease of use and security, including timed door locks and ample front door parking. The property's APN is 74.20.43.061680, and its location within Olmsted County, Minnesota, offers a stable and desirable market for commercial real estate. This fully occupied asset represents a strong investment opportunity for those seeking a stable income stream and a prime location in a thriving Minnesota city. The property's strategic placement and desirable features make it an attractive option for both investors and tenants alike. This is a rare chance to acquire a well-maintained, fully leased office building in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $920,505

  6.5%

  $849,697

  7%

  $789,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,416

  Geo Method

  $285,416

• Alternative Use

  Use

  Valuation

  Residential

  $1,053,624

  Hospitality

  $965,114

  Educational

  $802,963

  Medical

  $830,579

  Retail

  $1,249,054

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0514

Longitude

-92.5241

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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