2002 2nd Street SW Rochester, MN $ 1,950,000
2002 2nd Street SW
$ 1,950,000
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2002 2nd Street SW

Rochester, MN, 55902
$ 1,950,000
Bedrooms-- Baths-- Sq 24,498

Monthly Estimate*

$ 13,468

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Commercial Property for sale in Rochester, MN

for $1,950,000. This 24,498 square foot building was built in 1969 on a lot size of 0.848.

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.

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 40,063

Style

Lot Size

0.848

Year Built

1969

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

7064606

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Flat
Garage Spaces 0
Year Built 1969
Tax Year 2026
Current Use Commercial Event Space Office Other Retail
Accessibility Partially Wheelchair
County Olmsted
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name City Lands
Possible Use Office Professional Service Restaurant Retail
Directions Traveling west on 2nd St from Broadway Ave you will find this property on the South side of the street
City Rochester
High School District Rochester
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 40063
Additional Parcels Y/N N
Virtual Tour https://player.vimeo.com/video/919787782
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Other
Lot Size Area 0.848
Building Area Total 24498
Lot Dimensions 130x281
Waterfront Y/N N
Foundation Area 24498
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Total Bedrooms 0
Total Baths 0
Fuel Natural Gas
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Internal Only
Street Number 1 2002
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* Excluded Features
List By
Realty Growth Inc.

Broker

justin@rgi-group.com

Email

Affordability Calculator

$16,807
Per Month
80%
20%
0%
Monthly Principal & Interest
$13,468
Monthly Property Taxes
$3,339
Monthly 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
708969 Elementary School
708343 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/14/2026$1,950,000 -22.00% Price Down
4/29/2026$2,500,000 Listed Price

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2002 2nd Street SW, Rochester, MN, 55902 is a Commercial Property for sale at $1,950,000 with 24,498 sqft and a lot size of 0.848. 2002 2nd Street SW was built in 1969. The property's zip code is 55902 which is in Rochester, MN