Residence at Discovery Square

For Lease

511 3rd Ave SW, Rochester, MN 55902

You can currently find 1 retail space(s) available for lease at Residence at Discovery Square. Designated use type for space listed here includes retail. Current retail listings at this property total 7,352 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Residence at Discovery Square.

Space Available For Lease 1

Contacts

broker

AJ Hawkins

North Rock Real Estate

Property Details

  • 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 Sep 16, 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

Getting around

  • 88/100

    Walk Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Rochester, MN
  • Neighborhood Rochester
  • Zip Code 55902

Points of Interest

  • Sinclair

    0.07 miles

  • Electric Car Charging Station

    0.41 miles

  • Tesla Supercharger

    0.79 miles

  • Kwik Trip

    0.84 miles

  • Go! Fuels

    0.93 miles

  • Holiday

    0.94 miles

  • Kwik Trip

    0.96 miles

  • Baraka Super Gasoline

    1.12 miles

  • Holiday

    1.34 miles

  • Kwik Trip

    1.45 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

  • Government Center South Lot

    0.39 miles

  • Twigs

    0.04 miles

  • Pasquale's Neighborhood Pizzeria

    0.14 miles

  • Bleu Duck Kitchen

    0.23 miles

  • Potbelly

    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

    0.42 miles

  • King's Row

    0.47 miles

  • ALDI

    0.81 miles

  • Hy-Vee

    0.86 miles

  • Crossroads Shopping Center

    0.86 miles

  • Scheels

    1.01 miles

511 3rd Ave SW Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at Residence at Discovery Square asks $21.50/SF/YR per square foot.

  • The property includes 7,352 square feet of retail space for lease. Of this total, 7,352 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

AJ Hawkins

North Rock Real Estate

  1. 1Main information
  2. 2Extra information