Property Type:
Commercial
Lot Size (sq. ft.):
18,295
Status:
Active
Current Price:
$3,800,000
List Date:
7/24/2025
Last Modified:
1/27/2026
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
-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
Last Updated: January - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker
Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.