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33550256
33550257

300 3rd Avenue Southeast, Rochester, MN 55904

Property Brokers of Minnesota
Listed by Property Brokers of Minnesota
$1,160,000
7 days on market
Updated 7 days ago

300 3rd Avenue Southeast

Details
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 2,860
Net Rentable (SqFt) 25
Units 4
NOI $2,200
Occupancy 25%
Tenancy Multi
Lease Type Modified
Lease Term 3
Lease Expiration 05/31/2029
Remaining Term 3
Rent Bumps No
Class B
Year Built 1978
Buildings 1
Lot Size (SqFt) 18,731
Zoning Business/ Commercial
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 06/01/2026
Sale Condition N/A

Entire North side of the top floor! 4 units in total

Marketing description

Rare opportunity to own more than 2,800 square feet of downtown office space with the convenience of on-site parking. Ideally located across the river from the Mayo Civic Center and directly across from the Government Center, this property offers exceptional visibility, accessibility, and long-term investment potential. The property consists of the entire North side of the top floor. A total of four condominium units. Three of the units are currently connected and function as one large office suite, providing flexibility for an owner-user, a single tenant, or the potential to separate the spaces for multiple tenants. The fourth unit is leased to a strong long-term tenant through May 2029, offering immediate income stability. Enjoy impressive views of the riverfront and downtown skyline from a secure, professionally managed building. The unique design includes parking beneath the building, offering shaded parking in the summer and protection from snow in the winter. Additional highlights include reasonable HOA dues, secure building access, and a prime downtown location near major employers, government offices, restaurants, and entertainment.

Investment highlights

4 separate condo units. One unit has a long time fantastic tenant. Other 3 units are ready to be moved into as one, or divided up and rented out to multiple tenants.

Listing Contacts

Property Brokers of Minnesota
Listed by Property Brokers of Minnesota

Valuation Calculator

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Loan Amount
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Annual Cash Flow
$2,200.00
$183.33/mo

Valuation Metrics

0
DSCR
0.19%
Cap Rate
0.19%
ROI

Map

Zoning

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MXD-FR MixedMixed UseMixed Use Downtown Fringe
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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