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.
| MLS # | 7089925 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 140 |
| Listing Provided By | Property Brokers of Minnesota | Brian Rossow |
| SQ Feet | 2,860 |
|---|---|
| Car Port | Yes |
| Units | 4 |
| Zoning | Business/Commercial |
| Acreage | 0.43 |
| Cooling | Central Air |
|---|---|
| Heating | Baseboard, Boiler |
| Construction Materials | Concrete |
|---|
| Parking Features | Carport, Parking Lot |
|---|
| Utilities | Electric Separate, Hot Water Separate |
|---|
| Property | 9408 |
|---|
| State | MN |
|---|---|
| County | Olmsted |
| City | Rochester |
| Zip Code | 55904 |
| Community Name | Ironwood Square |
| School District | 535 |
| High School | Rochester |
| Listing VS Median (in Ironwood Square) | |
Price: $1,160,000 low | high Med: $1,160,000 sqft: 2,860 low | high Med: 2,860 $ / sqft: $406 low | high Med: $406 On site: 140 low | high Med: 140 | |
| State | MN |
|---|---|
| County | Olmsted |
| City | Rochester |
| Zip Code | 55904 |
| Community Name | Ironwood Square |
| School District | 535 |
| High School | Rochester |
| Listing VS Median (in Ironwood Square) | |
Price: $1,160,000 low | high Med: $1,160,000 sqft: 2,860 low | high Med: 2,860 $ / sqft: $406 low | high Med: $406 On site: 140 low | high Med: 140 | |