Residence at Discovery Square

511 3rd Ave SW, Rochester, MN 55902

  • For Lease $21.50/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 174,020 SF
  • Lot Size 0.84 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 15
  • Property Tenancy Multi-Tenant
  • Year Built 2018
  • Date Updated Dec 11, 2024
Located in the vibrant heart of Rochester, MN, this bustling area offers a desirable mix of foot traffic and cultural attractions, ideal for retail and street retail tenants. Situated near the renowned Mayo Clinic's Downtown Campus and the lively Discovery Square, the location provides an unparalleled opportunity for businesses to establish a presence in a thriving, sought-after market. Surrounding the area are an array of amenities, including upscale dining, charming boutiques, and entertainment venues, creating a dynamic and supportive environment for retail endeavors. With its proximity to major transportation routes and a diverse consumer base, this prime location offers an ideal blend of urban connectivity and suburban ease, making it a compelling choice for retail businesses seeking a landmark address in Rochester.Introducing a prime lease opportunity centrally located within a Class A 129-unit apartment complex. This property offers maximum visibility with street-level positioning, complemented by versatile floor plans and an abundance of natural light. Tenants will benefit from an intelligent and motivated landlord committed to their success, ensuring an ideal environment for professional offices, retail, or restaurant use. The property's professional and attractive curb appeal further enhances its appeal, providing diverse opportunities for creating a tailored workspace. With excellent leasing terms and dedicated support for tenant needs, this space presents a compelling opportunity for businesses seeking a prestigious and accommodating setting to thrive.
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Highlights

  • - Prime location within a Class A 129-Unit Apartment Complex
  • - Street-level positioning for maximum visibility
  • - Versatile and customizable floor plans
  • - Abundance of natural light throughout the property
  • - Intelligent and motivated landlord committed to tenant success
  • - Proximity to Discovery Square and Mayo Clinic's Downtown Campus
  • - Ideal space for professional offices, retail, or restaurant use
  • - Professional and attractive curb appeal
  • - Diverse opportunities to create a tailored workspace
  • - Excellent leasing terms and support for tenant needs

Spaces Available

Contacts

broker

North Rock Real Estate

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable
  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City Rochester, MN
  • Zip Code 55902

Points of Interest

  • Sinclair

    0.07 miles

  • Electric Car Charging Station

    0.41 miles

  • Holiday

    0.55 miles

  • Tesla Supercharger

    0.79 miles

  • Kwik Trip

    0.84 miles

  • Marathon

    0.93 miles

  • Baraka Super Gasoline

    1.12 miles

  • Nissan

    3.98 miles

  • Ford

    4.34 miles

  • ChargePoint

    4.41 miles

  • Mayo Block 6 Parking Ramp

    0.09 miles

  • Soldiers Field Memorial

    0.12 miles

  • 3rd Street Parking Ramp

    0.24 miles

  • Baldwin Parking Ramp

    0.24 miles

  • Edison Bldg

    0.24 miles

  • Zumbro Market Lot

    0.33 miles

  • Mayo Clinic East Shuttle Lot 35

    0.37 miles

  • Damon Parking Ramp

    0.38 miles

  • 2nd Street Parking Ramp

    0.39 miles

  • Soldiers Field

    0.39 miles

  • Twigs

    0.04 miles

  • Pasquale's Neighborhood Pizzeria

    0.14 miles

  • Fuzzy's Italian Ice

    0.22 miles

  • Bleu Duck Kitchen

    0.23 miles

  • The Loop

    0.23 miles

  • The Half-Barrel

    0.25 miles

  • ThaiPop

    0.29 miles

  • Mango Thai

    0.29 miles

  • Newt's

    0.30 miles

  • Terza

    0.32 miles

  • People's Food Co-op

    0.14 miles

  • Soldiers Field Plaza

    0.36 miles

  • University Square

    0.40 miles

  • Counterpoint

    0.42 miles

  • King's Row

    0.47 miles

  • ALDI

    0.81 miles

  • Crossroads

    0.82 miles

  • Hy-Vee

    0.84 miles

  • Crossroads Shopping Center

    0.86 miles

  • Scheels

    1.01 miles

Frequently Asked Questions

How much does retail space at 511 3rd Ave SW cost?

The asking price for retail space at 511 3rd Ave SW is $21.50/SF/YR. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 511 3rd Ave SW?

The property has 7,352 square feet of rentable Retail space. Rental opportunities here are available under NNN lease terms.

The building accommodates a Multi-Tenant lease setup. Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 511 3rd Ave SW?

511 3rd Ave SW offers 15 parking spaces. There are also other parking facilities in the area, with 10 parking option(s) located within 0.09 miles from 511 3rd Ave SW. Additionally, you can find 2 fuel station(s) within a 0.5-mile radius.

Are there any potentially competing retail businesses in the area?

No, there are no spaces zoned for retail activities within a 0.5-mile radius around 511 3rd Ave SW.

Looking for more in-depth information on this property?

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broker

North Rock Real Estate

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