319 - 325 Broadway AVE S Active Save Request In-Person Tour Request Virtual Tour
Rochester,MN 55902
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Moe & Olds Add-Pt Torrens
MLS Listing ID 6757540
Year Built 1885
Annual Tax Amount $83,779
Tax Year 2024
Lot Size 0.420 Acres
Property Sub-Type Mixed Use
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
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Roof Type Flat
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
Structure Type Brick Veneer
Schools
School District Rochester