273 Penny Lane NE Rochester, MN ^$ 3,995,000

273 Penny Lane NE

^$ 3,995,000

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Recently Listed

273 Penny Lane NE

Rochester, MN, 55906

^$ 3,995,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 27,592

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Commercial Property for sale in Rochester, MN

for $3,995,000. This building was built in 2022 on a lot size of 1.69.

This property is in the perfect location for a storage building. So many options: rent it to someone for straight storage, or to a client for their classic car or other toys. Each storage unit can have a future bath and loft. Great property to rent out as you see fit for the market. Great NE location and in an almost brand-new building.

Commercial Active

Price

^$ 3,995,000

Property Type

Commercial

Taxes

^$ 12,767

Style

Lot Size

1.69

Year Built

2022

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

7152214

Features

General

Sewer City Sewer/Connected

Heating In-Floor Heating

Utilities Electric Separate Heating Separate Hot Water Separate

Roof Age 8 Years or Less

Garage Spaces 32

Construction Materials Frame

Year Built 2022

Topography Level

Levels Two

Tax Year 2026

Current Use Storage Facility

Accessibility None

County Olmsted

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Roadhouse Motor Condos Cic #389

Possible Use Professional Service Shop Warehouse

Directions 37th St NE to East River Rd turn south on Penny Ln.

City Rochester

High School District Rochester

Zoning Description Business/Commercial

Number Of Units Total 32

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 12767

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement None

Basement (Y/N) N

Ceiling Height 16-20

Fuel Natural Gas

Garage Square Feet 29370

Exterior

Fencing None

Parking Features Asphalt Shared Driveway Electric Floor Drain Garage Door Opener Heated Garage Insulated Garage Multiple Garages Storage Unassigned

Lot Features Public Transit (w/in 6 blks) Irregular Lot

Water Source City Water/Connected

Inclusions Building Land

Lot Size Area 1.69

Lot Dimensions Irreg

Waterfront Y/N N

Foundation Area 29370

Road Frontage Type City Street Curbs Paved Streets Sidewalks Township

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 273

* Excluded Features

List By

Re/Max Results

Broker

dan@dangroteboer.com

Affordability Calculator

$28,656

Per Month

Monthly Principal & Interest: $27,592
Monthly Property Taxes: $1,064
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 56%

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
9/29/2026	$3,995,000		Listed Price

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273 Penny Lane NE, Rochester, MN, 55906 is a Commercial Property for sale at $3,995,000 with a lot size of 1.69. 273 Penny Lane NE was built in 2022. 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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273 Penny Lane NE

Commercial Property for sale in Rochester, MN

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