538 N Broadway - Freestanding FOR SALE


Rochester, MN 55906- North Rochester
$1,400,000 USD
507-951-7130
538 N Broadway, Rochester, MN for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/24
null | Request Cap Rate

538 N Broadway
Rochester, MN 55906
North Rochester


HIGHLIGHTS

  • Minnesota's Original Dairy Queen
  • Ample Parking
  • AADT traffic count - 20,400 cars daily
  • Operating Business Opportunity
  • Development Opportunity
  • Walking distance to Downtown Mayo Clinic Campus

OVERVIEW

Welcome to a unique opportunity to own a piece of Rochester’s history - the North Broadway Dairy Queen. This property is not just a building and land, but a thriving business that has been a cornerstone of the community for generations. The Lowertown neighborhood has seen continued growth with new apartments, businesses, and residents moving into the area. The sale includes two parcels of land that are currently zoned MXT-NOD. Property Highlights: Established Business: North Broadway Dairy Queen was established in 1947, making it Rochester’s and Minnesota's oldest Dairy Queen. It’s more than a business; it’s a cherished part of Rochester’s history. Thriving Enterprise: The acquisition includes a successful enterprise with a loyal customer base. You’re not just buying a property; you’re inheriting a rich legacy. Ample Parking: Unlike many establishments in the area, North Broadway Dairy Queen offers ample parking space, adding convenience for customers and enhancing the overall appeal of the property. This is a rare and exclusive opportunity to own an iconic Dairy Queen. Steeped in history and considered a local treasure, this could be the investment you’ve been waiting for. Don’t miss out on this chance to continue a rich legacy and own a successful enterprise. The opportunity to buy the business is available separately. The Dairy Queen could be relocated as part of this purchase is the franchise rights to move the operating business within a defined area of Rochester.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$2,310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Broadway Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

Business/Commerical

APN/PARCEL ID

74.35.14.015193,74.35.14.015194

ASK ABOUT THIS PROPERTY

Bucky BeemanRealty Growth, Inc.More Info
507-951-7130

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Bucky BeemanRealty Growth, Inc.More Info
507-951-7130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.