300 3rd Avenue SE, Rochester, MN 55904 (MLS# 7089925)

300 3rd Avenue SE, Rochester, MN 55904

$1,160,000
Property Type: Commercial Square Footage: 2,860 Lot Size (sq. ft.): 18,731 Status: Active
Current Price: $1,160,000 List Date: 6/10/2026 Last Modified: 8/27/2026

Overview

Description

Rare opportunity to own more than 2,800 square feet of downtown office space with the convenience of on-site parking. Ideally located across the river from the Mayo Civic Center and directly across from the Government Center, this property offers exceptional visibility, accessibility, and long-term investment potential. The property consists of the entire North side of the top floor. A total of four condominium units. Three of the units are currently connected and function as one large office suite, providing flexibility for an owner-user, a single tenant, or the potential to separate the spaces for multiple tenants. The fourth unit is leased to a strong long-term tenant through May 2029, offering immediate income stability. Enjoy impressive views of the riverfront and downtown skyline from a secure, professionally managed building. The unique design includes parking beneath the building, offering shaded parking in the summer and protection from snow in the winter. Additional highli ...

Listing Details MLS# 7089925

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
30
Owner Occupied
No
Waterfront YN
No
Year Built
1978
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2860
For Sale or Lease
For Sale
Acres
0.43
Lot Dimensions
29x27
Assessment Pending
No

Property Features

Accessible: Accessible Elevator Installed; Hallways 42"+ Air Conditioning: Central Air Amenities Shared: Elevator(s); Fire Sprinkler System; Security Building Amenities Unit: City View; Ethernet Wired; Panoramic View CMU Style: High Rise; Office Construction Materials: Concrete Construction Status: Previously Owned Current Use: Business Service; Commercial; Office; Professional Service Exterior: Brick/Stone; Stucco Flooring: Carpet Foundation: Poured Concrete Fuel: Natural Gas Heating: Baseboard; Boiler Internet Options: Fiber Optic Location Description: Downtown On Site Utilities: Electric Separate; Hot Water Separate Parking Characteristics: Parking Lot; Carport Potential Use: Office; Professional Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Broadband; Electricity Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1160000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
300
Street Name
3rd
Street Suffix
Avenue
Street Direction Suffix
SE
Postal City
Rochester
County
Olmsted
State
MN
Zip Code
55904
Complex/Dev/Subdivision
Ironwood Square

Additional Parcels Information

Property ID #2
640122015085
Property ID #3
640122015087,640122015089

Assessments

Tax With Assessments
9408

More Information

Building Information

Building Finished SqFt
2860
Building SqFt
2860

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
14
Section#
Yes
Township#
106

Sale Options

Sale Includes
Leases

Unit 1

Unit Number
407
Monthly Rent
2200
Level
4th Level
Unit Total SqFt
726
Leased?
Yes
Lease Expiration Date
2029-05-30

Unit 2

Leased?
No
Level
4th Level
Unit Number
405
Unit Total SqFt
704

Unit 3

Leased?
No
Level
4th Level
Unit Number
403
Unit Total SqFt
704

Unit 4

Leased?
No
Level
4th Level
Unit Number
401
Unit Total SqFt
726

Unit Details

Total Units
4
IDX
Listing Office: Property Brokers of Minnesota
Last Updated: August - 27 - 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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