540 Northern Hills Drive NE Rochester, MN ^$ 1,285,000

540 Northern Hills Drive NE

^$ 1,285,000

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540 Northern Hills Drive NE

Rochester, MN, 55906

^$ 1,285,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 8,875

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 1

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 2

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 3

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 4

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 5

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 6

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 7

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 8

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 9

540 Northern Hills Drive NE, Rochester, MN 55906 - Image 10

Commercial Property for sale in Rochester, MN

for $1,285,000. This building was built in 1978.

Exciting opportunity to purchase 17 individually titled condo units in the same association! Fully rented units with great cash flow. Association fee $170/unit/month. Association fee covers lawn, snow, garbage & water. Tenant pays all other utilities. Sale includes 17 units individually titled. 15 units in 540 building, 2 units in 602 building. 58 total units between the two buildings.

Commercial Active

Price

^$ 1,285,000

Property Type

Commercial

Taxes

^$ 12,308

Style

Year Built

1978

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

7010275

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate Heating Separate Hot Water Common

Garage Spaces 0

Year Built 1978

Tax Year 2024

Current Use Residential

Accessibility None

County Olmsted

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Northern Hills Two-Torrens

Directions Corner of Broadway Ave N & Northern Hills Dr NE

City Rochester

High School District Rochester

Zoning Description Residential-Single Family

Number Of Units Total 58

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 12308

Additional Parcels Y/N N

Standard Status Active

Lender Owned Not Disclosed

Exterior

Parking Features Paved Lot

Water Source City Water/Connected

Inclusions Leases Rental License

Lot Size Area 0

Waterfront Y/N N

Foundation Area 800

Interior

Basement (Y/N) N

Fuel Natural Gas

Internal Only

Street Number 1 540

* Excluded Features

List By

Infinity Real Estate

Broker

info@jonespy.com

Affordability Calculator

$9,901

Per Month

Monthly Principal & Interest: $8,875
Monthly Property Taxes: $1,026
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Rochester, MN

Average List Price ^$1,757,949

Percent of Sale Price 37%

About Rochester, MN

116,656 Population

27% Since 2002

^$66,956 Median Income

38.05 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708969 Elementary School

708343 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2026	$1,285,000	-4.81%	Price Down
1/19/2026	$1,350,000		Listed Price

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540 Northern Hills Drive NE, Rochester, MN, 55906 is a Commercial Property for sale at $1,285,000. 540 Northern Hills Drive NE was built in 1978. The property's zip code is 55906 which is in Rochester, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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540 Northern Hills Drive NE

Commercial Property for sale in Rochester, MN

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