123 16th Avenue SW, Rochester, MN 55902
$22
Property Type:
Commercial
Lot Size (sq. ft.):
27,443
Status:
Closed
Current Price:
$22
List Date:
12/27/2023
Last Modified:
8/08/2025
Overview
Description
Listing Details MLS# 6471537
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 5
- Owner Occupied
- No
- Year Built
- 2012
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Foundation Size
- 11520
- For Sale or Lease
- For Lease
- Acres
- 0.63
- Lot Dimensions
- 240 x 150
- Garage Stalls
- 0
Property Features
Accessible:
Partially Wheelchair
Air Conditioning:
Central Air
Basement:
None
CMU Style:
Retail/Shopping Center
Construction Status:
Previously Owned
Current Use:
Retail
Exterior:
Brick/Stone
Fencing:
None
Flooring:
Concrete Slab
Foundation:
None
Fuel:
Natural Gas
Heating:
Forced Air
Lease Details:
Triple Net
On Site Utilities:
Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics:
Paved Lot
Potential Use:
Retail
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Contract Information
- Off Market Date
- 2025-07-08
- Closed Date
- 2025-07-08
- Sales Close Price
- 22
- Original List Price
- 22
- Contingency
- None
- ListPrice
- 22
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 123
- Street Name
- 16th
- Street Suffix
- Avenue
- Street Direction Suffix
- SW
- Postal City
- Rochester
- County
- Olmsted
- State
- MN
- Zip Code
- 55902
- Complex/Dev/Subdivision
- Shoppes On Second
Assessments
- Tax With Assessments
- 106002
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 11520
- Building SqFt
- 11520
More Information
Lease Details
- Land Leased
- Not Applicable
- Lease Amount Type
- Yearly
- Triple Net
- Yes
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 14
- Section#
- 34
- Township#
- 107
Sale Options
- Sale Includes
- Other
Unit 1
- Unit Number
- 123
- Level
- Main Level
- Unit Total SqFt
- 2933
- Leased?
- No
Unit 2
- Leased?
- No
- Level
- Main Level
- Unit Number
- 200
- Unit Total SqFt
- 1370
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- SEMR
- MLSID
- RMLS
Location, Tax and Other Information
- Legal Description
- SECT-34 TWP-107 RANGE-014 SHOPPES ON SECOND LOT-002 BLOCK-001 E 149FT OF LOT 2 BLK 1
- Listing City
- Rochester
- Map Page
- 999
- Municipality
- Rochester
- Rental License?
- No
- School District
- Rochester
- School District Phone
- 507-328-3000
- Zip Plus 4
- 7642
- Property ID Number
- 743443079535
- Tax Year
- 2023
- Tax Amount
- 106002
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Position your business for success in this outstanding lease opportunity off 2nd Street. With unbeatable visibility and excellent signage options, this space ensures your brand gets noticed. Its strategic location near Highway 52, downtown Rochester, and St. Mary’s Hospital makes it a prime choice for businesses looking to attract steady traffic and maximize convenience for customers. Designed to accommodate everything from small businesses to national retailers, this adaptable space offers endless potential. Ample parking and easy accessibility make it even more appealing.
- Directions
- Located on 2nd Street near Highway 52 and Downtown Rochester
Accessible
- Partially Wheelchair
- Yes
Air Conditioning
- Central Air
- Yes
Basement
- None
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Brick/Stone
- Yes
Fencing
- None
- Yes
Flooring
- Concrete Slab
- Yes
Foundation
- None
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Parking Characteristics
- Garage Dimensions
- No
- Paved Lot
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Separate
- Yes
- Hot Water Separate
- Yes
CMU Style
- Retail/Shopping Center
- Yes
Current Use
- Retail
- Yes
Potential Use
- Retail
- Yes
Listing Office:
Realty Growth Inc.
Last Updated: August - 08 - 2025
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