For Sale: Rochester MLS# 7102045
Active
NEW!
$2,000,000
Commercial: Other
Built 2007
0.508 acres
Rochester schools
MLS# 7102045
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Property Description
Realty Growth Inc. is pleased to present the exclusive opportunity to acquire Broadway Corner Plaza, a premier 100% occupied, 7, 626-square-foot retail strip center located in the high-growth commercial corridor of South Rochester, Minnesota.
?Priced at $2, 000, 000, this asset offers an incoming investor immediate stability paired with an attractive 6.45% entry Cap Rate. The property features a strong mix of internet-resistant retail, medical, and dining tenants on a stable lease structure where operational inflation is heavily mitigated through consistent CAM pass-throughs.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,000,000
Property Type:
Commercial
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
2007
State:
MN
Property Style:
Other
Zip Code:
55904
Subdivision Name:
Garden Acres
Exterior
Garage Spaces:
0
Foundation Size:
7,719 ft2
Handicap Accessible:
Partially Wheelchair
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.508
Geolocation:
43.99242, -92.46213
Inclusions:
Building
Lot Dimensions:
145 x 154
Zoning:
Business/Commercial
Schools
School District:
535
District Phone:
5073283000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$49,770
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$49,770
Units
Total Units:
5
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Management Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.