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Nick Leavy

nick@iheartexit.com +1(701) 205-1350

Est. payment - /mo

0.42 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Moe & Olds Add-Pt Torrens

MLS Listing ID 7087605

Year Built 1885

Annual Tax Amount $83,779

Tax Year 2024

Contingent None

Lot Size 0.420 Acres

Lot Dimensions 140x130

Property Description

Positioned on one of Downtown Rochester's premier intersections—Broadway & 4th Street South—this property presents a compelling opportunity for investors seeking either steady in-place cash flow or a high-potential redevelopment opportunity. Ideally situated just 0.3 miles from the heart of the Mayo Clinic campus and 0.2 miles from the rapidly expanding University of Minnesota Rochester, the property benefits from proximity to two of the city's most influential institutions. Located in Rochester's highly walkable Historic District and zoned MXD-BUS—Rochester's most intensive development classification—this site is uniquely positioned to meet the city's growing demand for housing, retail, and mixed-use spaces. While parceling the property is possible, the combined footprint represents a rare chance to reimagine a significant section of downtown. No other available site matches its scale, zoning, and proximity to Rochester's key economic drivers.
Property Highlights
-Significant Redevelopment Opportunity
-Current Cash Flow
-On-Site Parking
-Newly Renovated Spaces
-Central Downtown Location
-Retail & Multi-Family Potential
- 0.2 Miles to UMR Campus
- 0.3 Miles to Mayo Clinic

Location

State MN

County Olmsted

Zoning Business/Commercial

Interior

Heating Forced Air

Inclusions Building

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Flat

Present Use Commercial,Office,Residential,Retail

Building

Lot Description Public Transit (w/in 6 blks), Corner Lot

Story Three Or More

Foundation 12880

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District Rochester

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Listed by Matthew Gove • Realty Growth Inc.

Nearby School & Business

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Nick Leavy

+1(701) 205-1350

President | License ID: 40668858

President License ID: 40668858

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319 - 325 Broadway AVE S Rochester, MN 55902

Nick Leavy

Key Details

Location

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information