Mixed-Use Commercial Opportunity | Downtown Rochester, MN

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Address: Centerville Apartments, 113 N Broadway Ave, Rochester, MN 55906, USA
Chicago & Midwest + Apartment Buildings
Created date: March 5, 2026
Date last updated: April 25, 2026
Price: $1,600,000Investment Analyzer NEW!
  • 5 Short Term Rentals (4 units estimated at 500 sq. ft. and 1 unit estimated at 2,500 sq. ft.)
  • 4 Commercial retail spaces (3 spaces currently leased)
  • 3 Storage Units
  • High Visibility Located right on Broadway in Downtown Rochester, MN
  • Blocks from Mayo Clinic
  • Onsite Parking (in back)

Property Description

Strategically located directly on Broadway in the heart of Downtown Rochester, Minnesota, this versatile property offers premier visibility, making this an attractive business or investment opportunity. Its prime location, blocks from the Mayo Clinic campus, ensures a consistent flow of foot and vehicle traffic. The building has three forms of income: 5 short-term rentals, 4 commercial retail spaces, and 3 large storage units. This building also offers rare onsite parking in the downtown Rochester, MN area, which adds significant value and convenience, benefiting tenants and staff in a dense urban setting. Zoned to support a variety of uses, this site is perfectly positioned to capitalize on the city’s continued growth!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,600,000
Year Built: 1927
Lot Size: 16,641.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 113 Broadway Ave N, Rochester, MN 55906, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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