115 16Th AveRochester, MN 55901

For Lease
$0-$19 /SF/YR

Rochester, MN: Versatile Office & Retail

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 115 16th Ave NW in Rochester, Minnesota, presents a unique investment opportunity. The property encompasses a total of 109,168 square feet across two, two-story buildings situated on a 5.45-acre lot. Currently, 3,000 square feet of space is vacant, offering immediate potential for lease income. The property is classified as Class B and was constructed in 1979. Zoned for commercial use (APN 743442083369, Olmsted County), it boasts ample parking with 300 spaces available. The flexible layout is suitable for a variety of uses, including retail, office, and restaurant establishments. Two spaces are currently available, ranging from approximately 5,000 to 5,481 square feet (tenant verification recommended). The property's prime location in the Miracle Mile area provides easy access to numerous amenities, including retail stores, grocery stores, hotels, restaurants, and convenience stores. This versatile space is perfect for both large national companies and smaller businesses seeking a prominent location in a thriving community. The open layout allows for customizable build-outs to meet specific tenant needs. This is an excellent opportunity to acquire a well-located commercial property with significant upside potential.

Highlights

  • 109,168 SF Class B commercial property on 5.45 acres in Rochester, MN's Miracle Mile, with 300 parking spaces.
  • High visibility with large display windows and highway frontage.
  • Convenient location near St. Mary's Hospital (Mayo Clinic) and major highway.
  • Recently upgraded with a new roof (2024) and modern façade (approx. 5 years ago). ADA-compliant access.
  • Currently 3,000 SF vacant; two available spaces (5,000-5,481 SF, tenant verification recommended).

Property Details for 115 16Th Ave

Property type
Restaurants, Other retail properties
RSF (Rentable sq. ft)
109,168 SF
Class
B
Year Built
1979
Buildings
2
Stories
2

Unit(s) available at that property

Space
Retail/Restaurant Space For Lease
Size
5,000 SF
Rate per SF
$19
Space
Retail Space with Exceptional Highway Vi
Size
0 SF

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0241747
Longitude
-92.4866925
115 16Th Ave, Rochester, Minnesota

FAQs

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115 16Th Ave
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