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For Sale:  Rochester MLS# 7089925

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Active NEW!
$1,160,000
/mo Edit
Commercial:  Other
Built 1978
0.431 acres
Rochester schools
MLS# 7089925
763-576-8286
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    Property Description

    Rare opportunity to own more than 2, 800 square feet of downtown office space with the convenience of on-site parking. Ideally located across the river from the Mayo Civic Center and directly across from the Government Center, this property offers exceptional visibility, accessibility, and long-term investment potential. The property consists of the entire North side of the top floor. A total of four condominium units. Three of the units are currently connected and function as one large office suite, providing flexibility for an owner-user, a single tenant, or the potential to separate the spaces for multiple tenants. The fourth unit is leased to a strong long-term tenant through May 2029, offering immediate income stability. Enjoy impressive views of the riverfront and downtown skyline from a secure, professionally managed building. The unique design includes parking beneath the building, offering shaded parking in the summer and protection from snow in the winter. Additional highlights include reasonable HOA dues, secure building access, and a prime downtown location near major employers, government offices, restaurants, and entertainment.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,160,000
    Property Type: Commercial
    City: Rochester
    Garage Spaces: 0
    County: Olmsted
    Year Built: 1978
    State: MN
    Property Style: Other
    Zip Code: 55904
    Subdivision Name: Ironwood Square

    Interior

    Bedrooms: 0
    Bathrooms: 0
    Flooring: Carpet

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 5,632 ft2
    Handicap Accessible: Accessible Elevator Installed, Hallways 42"+
    Heating System:
    • Baseboard
    • Boiler
    Parking Features:
    • Carport
    • Parking Lot
    Unit Amenities:
    • City View
    • Ethernet Wired
    • Panoramic View
    Exterior Material: Concrete

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.431
    Geolocation: 44.020299, -92.458577
    Inclusions: Leases
    Lot Dimensions: 29 x 27
    Addl Parcels: 640122015085, 640122015087, 640122015089
    Zoning: Business/Commercial

    Schools

    School District: 535
    District Phone: 5073283000

    Expenses

    Tenant Expenses: Broadband, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,408
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,408

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional Service
    • Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Property Brokers of Minnesota.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.