For Sale: Rochester MLS# 7008593
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Property Description
3552 West River Parkway NW presents a great opportunity to acquire a stabilized, net-leased office condominium in NW Rochester. This investment offering features a legacy tenant with over 30 years of operating history at the location, providing a strong foundation of occupancy and reliability. The property is secured by a new five (5) year lease, with an additional five (5) year renewal option, offering long-term income visibility and durability. The net lease structure minimizes landlord responsibilities, making this an ideal opportunity for investors seeking passive, predictable cash flow. Recent capital improvements, including a new roof and upgraded electrical systems, further enhance the stability of the asset and reduce near-term capital expenditure risk. The building itself is very well-maintained, solidly constructed, and benefits from excellent visibility and accessibility along West River Parkway. This offering is well-suited for a 1031 exchange buyer, private investor, or owner seeking a low-management, net-leased office asset with proven tenancy and strong fundamentals in the Rochester market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$890,000
Property Type:
Commercial
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1982
State:
MN
Property Style:
Other
Zip Code:
55901
Subdivision Name:
West River Pkwy Comm
Interior
Ceiling Height:
11-15
Exterior
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
4,900 ft2
Handicap Accessible:
Partially Wheelchair
Heating System:
Forced Air
Parking Features:
Parking Lot
Lot & Land
Acres:
0.43
Geolocation:
44.060381, -92.473147
Inclusions:
Building
Lot Dimensions:
72 x 73 x 15 x 37 x 15 x 73
Zoning:
Business/Commercial
Schools
School District:
1929
District Phone:
5073283000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$24,948
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$24,948
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.