2002 2nd Street SW, Rochester, MN 55902 (MLS# 7064606)

2002 2nd Street SW, Rochester, MN 55902

$1,950,000
Property Type: Commercial Square Footage: 24,498 Lot Size (sq. ft.): 36,590 Status: Active
Current Price: $1,950,000 List Date: 4/29/2026 Last Modified: 9/28/2026

Overview

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 dire ...

Listing Details MLS# 7064606

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
40
Owner Occupied
Yes
Waterfront YN
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

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 Parking Characteristics: Parking Lot Potential Use: Office; Professional; Restaurant; Retail Road Responsibility: Public Maintained Road Roof: Flat Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1950000
Owner is an Agent?
No
Auction?
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

More Information

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
Yes
IDX
Listing Office: Realty Growth Inc.
Last Updated: September - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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