218 1st AVE SW, Rochester, MN 55902 - 6674467

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Shari Bellows

shari@pedersonrealty.com +1(612) 590-9781

$1,300,000

Est. payment - /mo

3,049 Sqft Lot

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UPDATED:

02/24/2025 06:02 AM

Key Details

Property Type Commercial

Sub Type Low Rise,Office

Listing Status Active

Purchase Type For Sale

Subdivision Original City Of Roch-Pt Torrens

MLS Listing ID 6674467

Year Built 1917

Annual Tax Amount $22,978

Tax Year 2024

Contingent None

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 130x 23

Property Sub-Type Low Rise,Office

Property Description

Nestled in an unbeatable location, this historic 1917-built commercial property is hitting the market for the first time in years! This two-story building boasts character, charm, and modern updates that make it a standout investment. The main-floor retail space is occupied by a thriving business that wishes to lease back, making it a turn-key opportunity for investors. The beautifully remodeled second-floor space is also leased, with the tenant holding first right of refusal to purchase per their lease agreement. If you've been searching for a commercial property with long-term income potential and historic appeal, this is the one!

Location

State MN

County Olmsted

Zoning Business/Commercial

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building

Fireplace No

Exterior

Parking Features Off Site

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Flat

Present Use Commercial,Event Space,Office,Other,Retail

Building

Story Two

Foundation 2640

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick Veneer

Schools

School District Rochester

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Listed by Robert Beeman • Realty Growth Inc.

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Shari Bellows

+1(612) 590-9781

Agent | License ID: 40701920

Agent License ID: 40701920

218 1st AVE SW Rochester, MN 55902

Shari Bellows

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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