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$890,000
Est. payment /mo
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision West River Pkwy Comm
MLS Listing ID 7008593
Year Built 1982
Annual Tax Amount $24,948
Tax Year 2025
Contingent None
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 72x73x15x37x15x73
Property Description
3552 West River Parkway NW presents a great opportunity to acquire a stabilized, net-leased office condominium in NW Rochester. This investment offering features a legacy tenant with over 30 years of operating history at the location, providing a strong foundation of occupancy and reliability. The property is secured by a new five (5) year lease, with an additional five (5) year renewal option, offering long-term income visibility and durability. The net lease structure minimizes landlord responsibilities, making this an ideal opportunity for investors seeking passive, predictable cash flow. Recent capital improvements, including a new roof and upgraded electrical systems, further enhance the stability of the asset and reduce near-term capital expenditure risk. The building itself is very well-maintained, solidly constructed, and benefits from excellent visibility and accessibility along West River Parkway. This offering is well-suited for a 1031 exchange buyer, private investor, or owner seeking a low-management, net-leased office asset with proven tenancy and strong fundamentals in the Rochester market.
Location
State MN
County Olmsted
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Commercial,Office,Professional Service
Building
Foundation 4900
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Rochester
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Listed by Robert Beeman • Realty Growth Inc.
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Eric Seeger
Agent | Land Pro | License ID: 7338094
Agent | Land Pro License ID: 7338094