319 - 325 Broadway Avenue S, Rochester, MN 55902

Overview

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 -Si ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 20
Waterfront Present: No
Year Built: 1885
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 12880
For Sale or Lease: For Sale
Acres: 0.42
Lot Dimensions: 140x130
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: Partially Wheelchair CMU Style: Apartments and Retail; Attached Building Construction Status: Previously Owned Current Use: Commercial; Office; Residential; Retail Exterior: Brick Veneer Foundation: Permanent; Stone Fuel: Natural Gas Heating: Forced Air Location Description: Downtown Lot Description: Corner Lot; Public Transit (w/in 6 blks) Miscellaneous Information: Building Sign; Display Window; Pole Sign On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Potential Use: Income; Lounge/Bar; Motel/Hotel; Office; Professional; Restaurant; Retail Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Flat Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 3800000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 319 - 325
Street Name: Broadway
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: Moe & Olds Add-Pt Torrens

Additional Parcels Information

Property ID #2: 640211014307
Property ID #3: 640211014306,640211014305

Assessments

Tax With Assessments: 85821.12
Assessment Balance: 0

More Information

Basement

Foundation Dimensions: 140x92

Building Information

Building Finished SqFt: 29108
Ceiling Height: 11-15

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Building Sign: Yes
Display Window: Yes
Pole Sign: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 2
Township#: 106

Sale Options

Sale Includes: Building

Unit Details

Total Units: 4

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-02 TWP-106 RANGE-014 MOE AND OLDS ADD-PT TORRENS LOT-001 BLOCK-010 LOT 1 BLK 10
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 3340
Property ID Number: 640211014304
Tax Year: 2024
Tax Amount: 83779.34
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: 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
Directions: Located on the corner of S Broadway Ave and 4th St SE

Accessible

Partially Wheelchair: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick Veneer: Yes

Foundation

Permanent: Yes
Stone: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes

Parking Characteristics

Parking Lot: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Flat: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

On Site Utilities

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

CMU Style

Apartments and Retail: Yes
Attached Building: Yes

Current Use

Commercial: Yes
Office: Yes
Residential: Yes
Retail: Yes

Location Description

Downtown: Yes

Potential Use

Income: Yes
Lounge/Bar: Yes
Motel/Hotel: Yes
Office: Yes
Professional: Yes
Restaurant: Yes
Retail: Yes