319 - 325 Broadway Avenue S
Rochester, MN 55902
Price: $3,800,000
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
Basic Features:
| Style |
Mixed Use |
| Type |
Commercial Sale |
| Zoning |
Business/Commercial |
| Year Built |
1885 |
| School District |
Rochester |
| County |
Olmsted |
| Lot Size |
140x130 |
| Acreage |
0.42 acres |
| Lot Description |
Public Transit (w/in 6 blks),Corner Lot |
| Number of Units |
4 |
| Tax $ / Year |
$83,779 / 2024 |
| Tax ID |
|
| Legal Description |
|
Additional Features
| Government Programs |
|
| Section |
2 |
| Terrain Type |
|
| Roads |
City Street,Curbs,Paved Streets,Sidewalks,Street Lights,S... |
| Driveway |
|
| Exterior Features |
Brick Veneer |
| Foundation |
12880.00 |
| Fuel Source |
Natural Gas |
| Handicap Access |
Partially Wheelchair |
| Heating |
Forced Air |
| Roof |
Flat |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water/Connected |
| Water Heater |
|
| Parking Lot |
Parking Lot |
| Exterior Construction |
|
| Utilities |
Electric Separate,Heating Separate,Hot Water Separate |
| Laundry |
N |
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