Date
Details
Price
Change
Source
7/24/2025
Listed
$3,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$3,800,000
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Property Description
Positioned on one of Downtown Rochester's premier intersections-Broadway & 4th Street South-this property presents a compelling opportunity for investors seeking either steady in-place cash flow or a high-potential redevelopment opportunity. Ideally situated just 0.3 miles from the heart of the Mayo Clinic campus and 0.2 miles from the rapidly expanding University of Minnesota Rochester, the property benefits from proximity to two of the city's most influential institutions. Located in Rochester's highly walkable Historic District and zoned MXD-BUS-Rochester's most intensive development classification-this site is uniquely positioned to meet the city's growing demand for housing, retail, and mixed-use spaces. While parceling the property is possible, the combined footprint represents a rare chance to reimagine a significant section of downtown. No other available site matches its scale, zoning, and proximity to Rochester's key economic drivers. Property Highlights -Significant Redevelopment Opportunity -Current Cash Flow -On-Site Parking -Newly Renovated Spaces -Central Downtown Location -Retail & Multi-Family Potential - 0.2 Miles to UMR Campus - 0.3 Miles to Mayo Clinic
Full Property Details
Full Property Details for 319 - 325 Broadway Ave S
General
- Price: $3,800,000
- Taxes: $83,779 (2024)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 6757540
- Updated: 4/27/2026
- Added to Site: 304 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Olmsted
- Township: Rochester
- Subdivision: Moe & Olds Add-Pt Torrens
- Driving Directions: Located on the corner of S Broadway Ave and 4th St SE
School Information
- School District: 535 - Rochester
- High School District: Rochester
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Separate, Hot Water Separate
Structural Information
- Basement: Yes
- Foundation Size: 12880
- Roof: Flat
- Ceiling Height: 11-15
- Disability Access: Partially Wheelchair
- Current Bldg. Use: Commercial, Office, Residential, Retail
- Year Built: 1885
Lot Features
- Lot Size (Acres): 0.42
- Lot Dimensions: 140 x 130
- Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
- Potential Use: Office, Professional Service, Restaurant, Retail, Income, Lounge/Bar, Medical/Dental, Motel/Hotel
- Zoning: Business/Commercial
- Lot Description: Public Transit (w/in 6 blks), Corner Lot
Financial Considerations
- Tax Amount: $83,779.34
- Tax Year: 2024
Disclosures and Reports
- Legal Description: SECT-02 TWP-106 RANGE-014 MOE AND OLDS ADD-PT TORRENS LOT-001 BLOCK-010 LOT 1 BLK 10
- Inclusions: Building
- Property ID: 640211014304
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Schools
Schools serving 319 - 325 Broadway Ave S
School District:Rochester Public School District
| Name | Grades | Distance |
|---|---|---|
Folwell Elementary School 603 15th Avenue Southwest, Rochester, MN 55902 | PK-5 | 1.1 mi |
Mayo Senior High School 1420 11th Avenue Southeast, Rochester, MN 55904 | 9-12 | 1.4 mi |
John Adams Middle School 1525 31st Street Northwest, Rochester, MN 55901 | 6-8 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 319 - 325 Broadway Ave S
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Listed by Property Brokers of Minnesota
319 - 325 Broadway Avenue S, Rochester, MN 55902 (MLS# 6757540) is a Commercial property. 319 - 325 Broadway Avenue S is currently listed for $3,800,000 and was received on July 24, 2025. Want to learn more about 319 - 325 Broadway Avenue S? Do you have questions about finding other Commercial real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.