2002 2nd Street SW Rochester, MN 55902 MLS# 7064606
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Property Description This versatile building features a robust layout designed for high-capacity use, including several retail spaces, two large gathering halls, an expansive basement with ample storage, and a commercial-grade kitchen. The interior is well-appointed with private offices and multiple gathering rooms, making it a highly functional asset for an owner-occupier or an investor. Ample onsite parking with over 30 dedicated spaces is a standout feature for this location, providing exceptional convenience in a busy commercial corridor. Currently home to multiple tenants, the property offers the immediate benefit of guaranteed income with significant room for specialized operations or expansion.
Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochesterâs massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the cityâs most dynamic districts.
Details
Maps
Contract Information
Status: Active
Current Price: 2500000
Contingency: None
ListPrice: 2500000
List Date: 2026-04-29
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 40
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1969
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 24498
For Sale or Lease: For Sale
Acres: 0.84
Lot Dimensions: 130x281
Assessment Pending: No
Location Tax and Other Information
House Number: 2002
Street Name: 2nd
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: City Lands
Assessments
Tax With Assessments: 40432
Building Information
Building Finished SqFt: 24498
Building SqFt: 24498
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 3
Township#: 106
Sale Options
Sale Includes: Other
Unit 1
Unit Number: 2
Level: Main Level
Unit Total SqFt: 2673
Unit Details
Total Units: 1
Property Features
Accessible: Partially Wheelchair
CMU Style: Mixed Use
Construction Status: Previously Owned
Current Use: Commercial; Event Space; Office; Other; Retail
Exterior: Concrete; Other
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate