300 3rd Avenue SE Rochester, MN $ 1,160,000
300 3rd Avenue SE
$ 1,160,000
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300 3rd Avenue SE

Rochester, MN, 55904
$ 1,160,000
Bedrooms-- Baths-- Sq 2,860

Monthly Estimate*

$ 8,012

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Commercial Property for sale in Rochester, MN

for $1,160,000. This 2,860 square foot building was built in 1978 on a lot size of 0.431.

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.

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Commercial Active

Price

$ 1,160,000

Property Type

Commercial

Taxes

$ 9,408

Style

Lot Size

0.431

Year Built

1978

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

7089925

Features
General
Sewer City Sewer/Connected
Heating Baseboard Boiler
Cooling Central Air
Utilities Electric Separate Hot Water Separate
Garage Spaces 0
Construction Materials Concrete
Year Built 1978
Tenant Pays Broadband Electricity
Levels Three Or More
Tax Year 2025
Current Use Professional/Office Commercial Office Professional Service
Accessibility Accessible Elevator Installed Hallways 42 +
Additional Parcels Description 640122015085 640122015087 640122015089
County Olmsted
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Ironwood Square
Possible Use Office Professional Service Medical/Dental
Directions From Hwy 15 take Civic Center Drive to 3rd Ave
City Rochester
High School District Rochester
Zoning Description Business/Commercial
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 4
Land Lease Y/N N
Tax Annual Amount 9408
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
Amenities Unit City View Ethernet Wired Panoramic View
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Exterior
Parking Features Carport Parking Lot
Water Source City Water/Connected
Inclusions Leases
Lot Size Area 0.431
Building Area Total 2860
Lot Dimensions 29x27
Waterfront Y/N N
Foundation Area 2860
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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 1 300
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* Excluded Features
List By
Property Brokers Of Minnesota

Broker

brian@pbofmn.com

Email

Affordability Calculator

$8,796
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,012
Monthly Property Taxes
$784
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
6/10/2026$1,160,000 Listed Price

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300 3rd Avenue SE, Rochester, MN, 55904 is a Commercial Property for sale at $1,160,000 with 2,860 sqft and a lot size of 0.431. 300 3rd Avenue SE was built in 1978. The property's zip code is 55904 which is in Rochester, MN