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220 Broadway Ave S
Rochester, MN 55904 Downtown Rochester

$1,000,000 USD

Office Residential Condo For Sale  •  25,451 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 25,451 SF
  • Lot Size 1.04 AC
  • Building Class B
  • Year Built 1969
  • Tenancy Multiple
  • Zoning CDC-CBD
60 Transit Score
70 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 201 Office/Retail 25,451 SF $1,000,000 USD
  • Unit Size: 25,451 SF
  • Condo Use: Office/Retail
  • Price: $1,000,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $39.29 USD

Description 

A premier downtown investment opportunity: the entire ground floor of the prestigious Center Plaza in Rochester. This expansive main-floor suite is comprised of 13 bundled parcel IDs, offering a significant footprint with prime Broadway Ave S frontage. Located in the heart of downtown, the property shares the building with Hotel Indigo and is steps away from CRAVE, the Rochester Chamber of Commerce, and RAEDI.

This premier main-floor footprint is fully skyway-connected and located just steps from the Mayo Clinic campus, ensuring a steady flow of professional and medical traffic. Anchored by Smith, Schafer and Associates Ltd. (lease through August 2028), the property generates $13,750/month in stable, immediate cash flow.

The versatile interior layout features a mix of private executive offices, open collaborative workspaces, and professional conference rooms. With a recently renovated exterior (2020), the property offers a modern, polished presence in Rochester's premier business corridor—perfect for the investor seeking a stable, income-producing asset in a world-class location.

Highlights

Massive Price Reduction: Now $1,000,000 (Reduced from $2,062,500)
High-Yield Income: $13,750/month base rent (~16.5% Gross CAP).
Stable Tenant: Smith, Schafer & Assoc. in place through 8/31/2028.
Low-Overhead: Tenant pays HOA dues, Real Estate taxes, and utilities.
Main Floor Footprint: Encompassing the entire ground level of Center Plaza
Premier Location: Skyway-connected, Broadway S frontage, steps from Mayo Clinic.

Amenities

  • 24 Hour Access
  • Bus Line
  • Skyway
  • Wheelchair Accessible
  • Kitchen
  • Central Heating
  • Fully Carpeted
  • Partitioned Offices

Public Transportation

AirportDriveWalkDistance
Rochester International 15 min - 8.5 mi
Bucky Beeman 507-951-7130 Realty Growth, Inc.
Bucky Beeman 507-951-7130 Realty Growth, Inc.