2002 2nd Street SW, Rochester, MN 55902

New Listing
$2,500,000
Property Type: Commercial Lot Size (sq. ft.): 36,590 Status: Active
Current Price: $2,500,000 List Date: 4/29/2026 Last Modified: 4/29/2026

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 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.

Listing Details MLS# 7064606

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
Listing Office: Realty Growth Inc.
IDX
Last Updated: April - 29 - 2026
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