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27336131
27336130

975 34th Ave NW, Rochester, MN 55901

PA
MN 40568111
North Rock Real Estate
JB
MN MN40172933
North Rock Real Estate
AH
MN 40439870
North Rock Real Estate
GP
MN MN 40877564
North Rock Real Estate
Listed by North Rock Real Estate
$3,200,000
266 days on market
Updated 28 days ago

Northwest Gateway Office Building- Floors 3 & 4

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 15,021
Units 7
Cap Rate 7.95%
NOI $254,532
Occupancy 100%
Year Built 2005
Year Renovated 2025
Buildings 1
Stories 4
Investment Type Core+

Northwest Gateway Office Building- Floors 3 & 4

Marketing description

This investment offering comprises the 3rd and 4th floor condominium units at the

Northwest Gateway Office Building, located at the primary west entrance to

Rochester MN at the intersection of US Highway 14 and West Circle Drive, just

minutes from the Mayo Clinic. The opportunity contains long term leases to

creditworthy professional tenants, delivering a stable income stream. The property’s

high-visibility location in Rochester’s expanding West Circle Drive corridor ensures

strong tenant demand and consistent leasing performance.

Positioned to benefit from Rochester’s economic growth, driven by the Mayo Clinic’s

Bold Forward Unbound project, the property is expected to see increased demand for

Class A office space and long-term value appreciation. The Northwest Gateway Office

Tower offers prominent signage opportunities and exceptional accessibility,

distinguishing it as a unique investment in a market with limited comparable assets.

For additional details or to arrange a tour, please contact us.

Investment highlights

Strong WALT of 4.47 Years

Class A Construction Finishes and Glass Lines

Strong Tenant Mix including National and Established Local Businesses

Listing Contacts

PA
MN 40568111
North Rock Real Estate
JB
MN MN40172933
North Rock Real Estate
AH
MN 40439870
North Rock Real Estate
GP
MN MN 40877564
North Rock Real Estate
Listed by North Rock Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$254,532.00
$21,211.00/mo

Valuation Metrics

0
DSCR
7.95%
Cap Rate
7.95%
ROI

Map

Zoning

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LI IndustrialLight IndustrialLight Industrial
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Paul T. Aronhalt
License
40568111
Brokerage Phone
5072265303
Brokerage Address
2705 U.S. 14
Name
Jeffrey Brown
License
MN40172933
Name
AJ Hawkins
License
40439870
Brokerage
North Rock Real Estate
Brokerage Phone
(507) 259-6556
Title
Broker | Developer
Brokerage Address
2705 U.S. 14
Name
Grant Parrish
License
MN 40877564
Brokerage
North Rock Real Estate
Title
Associate
Brokerage Address
2705 U.S. 14
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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