UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,840 sqft
Price per Sqft $73
Subdivision East Rochester Add-Part Torrens
MLS Listing ID 6692410
Bedrooms 12
Year Built 1961
Annual Tax Amount $7,880
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 8111
Property Description
Located just one block from the Government Center and a short 5-minute walk to the Mayo Clinic, this property is ideally situated near schools, parks, and all the amenities downtown Rochester has to offer. The prime location ensures consistently high occupancy and strong tenant demand.
Many tenants have called this property home for 5+ years, with a couple of residents staying for over two decades, showcasing the stability and desirability of this asset.
This is a fantastic opportunity for investors looking to enhance income with minimal effort—simply installing RUBS (Ratio Utility Billing System) and completing modest updates could significantly increase revenue. Alternatively, continue operating as-is and enjoy steady, predictable returns from a well-performing asset.
Whether you're making your first investment or expanding a seasoned portfolio, this property offers location, long-term tenancy, and upside potential—making it a true cash flow king.
Location
State MN
County Olmsted
Community East Rochester Add-Part Torrens
Direction Take the 6th Street SW exit from Highway 52 North and turn right (east) onto 6th Street SW. Continue straight as the road becomes 6th Street SE. Drive for about 1 mile, then turn left onto 3rd Avenue SE. Go one block, then turn right onto 5th Street SE. The destination is on the right.
Interior
Heating Boiler
Cooling Wall
Exterior
Parking Features Parking Lot, Driveway - Asphalt
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Roof Type Age 8 Years or Less
Accessibility None
Building
Water City Water/Connected
Others
Senior Community No
Tax ID 640123005561
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