Rochester, MN Commercial Property for Sale (37 Real Estate Listings)
Rochester, MN Real Estate Statistics
| Average Price | $394K |
|---|---|
| Lowest Price | $0 |
| Highest Price | $6.2M |
| Total Listings | 683 |
| Avg. Days On Market | 620 |
| Avg. Price/SQFT | $2K |
Property Types (active listings)
As of April 1, 2023 there are 37 active Rochester, MN commercial real estate listings for sale with an average listing price of $497,300. The highest-priced commercial property listing is $3,800,000, while the lowest priced commercial property can be purchased for $0. Rochester, MN Commercial properties for sale have an average price of $117 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 8,527 square feet of living space.
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Rochester, MN Commercial Real Estate & Properties
Rochester, Minnesota, is a vibrant and growing city that offers exciting opportunities for businesses looking to establish or expand their presence there. Commercial real estate in Rochester, Minnesota, is in high demand due to its thriving economy, diverse population, and abundance of amenities. Whether you're looking for office space, retail space, warehouse space, or land for development purposes, Rochester has something to offer for every business need.
At Dane Arthur Real Estate Agency, we provide comprehensive services and support to business users to find the perfect commercial real estate property in greater Rochester. Our experienced agents are familiar with all available properties and will work closely to meet your needs are met. We specialize in tenant representation and can help negotiate the best possible lease terms. Our team is also experienced in property management, so we can help ensure your business operations run smoothly.
Rochester, Minnesota's History
Rochester, Minnesota, was initially developed in the mid-19th century as a stop along the Dubuque trail, a stagecoach line between St. Paul and Dubuque, Iowa. On July 12, 1854, George Head and his family claimed land that now makes up part of Rochester's central business district, where they subsequently built the log cabin known as Head's Tavern. After naming the city after his hometown of Rochester, NY., the territorial legislature formed Olmsted County; Rochester was declared its county seat and incorporated as a city on August 5, 1858. The area continued to gain interest due to the cheap land and agricultural opportunities available, providing ample opportunity for growth over time.
Rochester, Minnesota's Demographics
Rochester is an increasingly popular city in Olmsted County, Minnesota, serving as its county seat. By 2020, the population of Rochester had grown to 124,321 people, according to recent census data. This marks a 2.41% growth rate since 2010, which puts it near the top for cities in Minnesota for population growth; in fact, it is now the 3rd largest city in the state! Spanning over 55 miles of land, Rochester has a population density of 2,252 residents per square mile. This impressive population growth has made Rochester an exciting place to explore and settle down.
Rochester, Minnesota's Geographic Makeup
Rochester, Minnesota, is a vibrant and attractive city surrounded by stretches of natural beauty. Located in Olmsted County, Rochester lies along the South Fork of the Zumbro River and is enveloped by rolling hills and disbursed with patches of farmland. This stunning area spans an impressive 54.75 square miles (141.80 km2), with 54.59 square miles (141.39 km2) being land and 0.16 square miles (0.41 km2) covered in water, as reported by the United States Census Bureau. The city's elevation is 1,317 ft (312 m) above sea level, ensuring visitors take magnificent views wherever they go.
Rochester, Minnesota‘s Economy
Rochester, Minnesota, proudly boasts a strong economy due to its significant employers in the healthcare, research, and technology sectors. With an average household income of $96,015, modest rental costs, and a median house value that is amongst the highest in Minnesota, living standards are considerably higher than in other parts of the state. The city's diverse and thriving population has a median age of 35.9 years, slightly younger males at 35 years and marginally older females at 37.3 years. Employment opportunities abound as Rochester continues to attract businesses due to its modern infrastructure, excellent school system, and efficient transport links with other cities in the state.
Rochester, Minnesota's Employment
There is a wide selection of industries and well-paying jobs for those looking to live and work in Rochester, MN. The city's economy employs over 63k people, the largest being Health Care & Social Assistance at 25.1k people. Retail trade and educational services also use a large portion of the labor force at 5.7k each. Professionals may consider more specialized industries such as Utilities, where employees receive an average income of $75k per year, or Professional Scientific & Technical Services, which pays their employees an average income of nearly $70k per year. For those seeking management positions, working for Management of Companies & Enterprises pays an average income of $68k per year. If you're interested in relocating to Rochester, MN, plenty of employment opportunities are available across many fields, with good wages!
Why Commercial Real Estate In Rochester, Minnesota?
Rochester, Minnesota, is an attractive city for investors in the commercial real estate market due to its high population growth, strong economy, and favorable geographic location. Whether you are looking to start a business or expand an existing one, Rochester offers many opportunities with its robust economy and highly educated workforce. According to the Bureau of Economic Analysis, businesses located in Olmsted County generate over $11 billion annually in output. With access to major highways such as I-90 and I-35W, as well as other transportation links like local airports and train lines, there's no doubt that Rochester would be a great place for your business venture! Commercial real estate offers excellent profit potential; contact our team today to learn more about how we can help you make the most of your investment in Rochester, Minnesota!