2002 2nd Street SW, Rochester, MN 55902

Overview

Description

This versatile building features a robust layout designed for high-capacity use, including several retail spaces, two large gathering halls, an expansive basement with ample storage, and a commercial-grade kitchen. The interior is well-appointed with private offices and multiple gathering rooms, making it a highly functional asset for an owner-occupier or an investor. Ample onsite parking with over 30 dedicated spaces is a standout feature for this location, providing exceptional convenience in a busy commercial corridor. Currently home to multiple tenants, the property offers the immediate benefit of guaranteed income with significant room for specialized operations or expansion. Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the dire ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 40
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1969
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 24498
For Sale or Lease: For Sale
Acres: 0.84
Lot Dimensions: 130x281
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: Partially Wheelchair CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Commercial; Event Space; Office; Other; Retail Exterior: Concrete; Other Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Potential Use: Office; Professional; Restaurant; Retail Road Responsibility: Public Maintained Road Roof: Flat Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2002
Street Name: 2nd
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: City Lands

Assessments

Tax With Assessments: 40432
Assessment Balance: 0

Building Information

Building Finished SqFt: 24498
Building SqFt: 24498

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 3
Township#: 106

Sale Options

Sale Includes: Other

Unit 1

Unit Number: 2
Level: Main Level
Unit Total SqFt: 2673

Unit Details

Total Units: Yes

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-03 TWP-106 RANGE-014 CITY LANDS 106-14-03 COM 83RDS 2.79FT W OF NECOR NW1/4 SEC TH W8RDS TH S20RDS TH E8RDS TH N20RDS TO BEG SEC 3 106 14
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 2469
Property ID Number: 640322025830
Tax Year: 2026
Tax Amount: 40063
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This versatile building features a robust layout designed for high-capacity use, including several retail spaces, two large gathering halls, an expansive basement with ample storage, and a commercial-grade kitchen. The interior is well-appointed with private offices and multiple gathering rooms, making it a highly functional asset for an owner-occupier or an investor. Ample onsite parking with over 30 dedicated spaces is a standout feature for this location, providing exceptional convenience in a busy commercial corridor. Currently home to multiple tenants, the property offers the immediate benefit of guaranteed income with significant room for specialized operations or expansion. Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochester’s massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the city’s most dynamic districts.
Directions: Traveling west on 2nd St from Broadway Ave you will find this property on the South side of the street

Accessible

Partially Wheelchair: Yes

Construction Status

Previously Owned: Yes

Exterior

Concrete: Yes
Other: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Parking Characteristics

Parking Lot: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Flat: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Mixed Use: Yes

Current Use

Commercial: Yes
Event Space: Yes
Office: Yes
Other: Yes
Retail: Yes

Potential Use

Office: Yes
Professional: Yes
Restaurant: Yes
Retail: Yes