Commercial Real Estate Listings in South Eastern Minnesota
BROWSE COMMERCIAL REAL ESTATE LISTINGS in southern mn
Hamilton Real Estate Group offers commercial real estate listings throughout Rochester, Owatonna, Austin, Albert Lea, and Faribault, with opportunities including office buildings, retail space, industrial properties, apartment buildings, multifamily investments, and commercial land for development.
As Rochester continues growing through Mayo Clinic expansion and ongoing development across Southeast Minnesota, demand remains strong for well-positioned commercial properties near major corridors like Highway 52, Highway 14, and West Circle Drive. Hamilton Real Estate Group helps investors, developers, and business owners navigate buying, selling, and leasing decisions with practical local market insight and real transaction experience.
Retail/ Office Building
38,551 SF commercial building situated on 0.94 acres
Prominent location with excellent frontage and visibility along Main Street
Built in 1975 with established commercial presence
26 on-site parking spaces for tenants and customers
Existing tenants in place providing immediate income potential
Strong opportunity for an owner-user, investor, or redevelopment play
Flexible commercial layout suitable for a variety of business uses Retail
Centrally located within Austin with convenient access to surrounding businesses and amenities
Profitable Business in SE Minnesota
Prime SE Minnesota location in the fastest-growing region in the state
Service-based business that remains relevant and resilient
Well-established location with strong local presence with over 5 years of consistent sales and loyal customer base
Consistent 15–20% annual growth over the past three years
Backed by a successful international franchise with strong brand recognition
Significant upside with opportunities to expand into print and marketing services
High-traffic site with long-term lease at below-market rates
Includes $150,000 in well-maintained furniture, fixtures, and equipment
Financials and full business details available with NDA
Map It
Residential Development | 9.25 Acres
Beautiful setting ideal for residential development
Surrounded by successful townhome and single-family developments
Excellent opportunity for single-family, townhome, or mixed residential projects
Convenient access to Interstate 90 and Highway 52
Just 10 minutes from Downtown Rochester
Located in a growing residential corridor
Strong demand for new housing in the surrounding area
Industrial Land | 5.66 Acres
Prime industrial development site
Lowest-priced industrial land in Rochester
Ideal for manufacturing, warehouse, distribution, or industrial users
Secluded setting with room to operate and expand
Minutes from Marion Road
Excellent access to Highway 52 and Interstate 90
Flexible development opportunity
Development Land
1.16 acres with water, sewer and electric.
Stable, long-term investment opportunity in a steady rural market.
Lower property taxes than many urban markets.
Convenient access to Austin, Albert Lea, and I-90 for commuting and business needs.
Warehouse/Shop/Office
Two-building campus totaling approximately 19,000 SF with office and warehouse space.
Income-producing investment with immediate cash flow and value-add upside.
Ideal owner-user opportunity—occupy your space while collecting rental income from the balance of the property.
Attractive cap rate with strong investment potential.
±9,000 SF of office space featuring 14 private offices, bullpen, and conference room potential.
±10,000 SF warehouse with 12′ overhead doors and 16′ peak clear height.
Flexible layout for single or multiple tenants.
Ample on-site parking for employees and visitors.
Prime Rochester location in a rapidly growing commercial corridor.
Excellent access to Highway 52.
Development Land
3.5 acres.
Great visibility just of US Highway 14, which sees a daily traffic count exceeding 6,000 vehicles.
Easy access to both Rochester and Eyota, providing an advantageous location for businesses looking to reach these growing communities.
Excellent opportunity for a warehouse development project.
WAREHOUSE/OFFICE AND LAND FOR SALE
• Lease option available
• 6,400 SF warehouse with long-term annual billboard income
• Close to 7 acres of land included — strong investment and
development potential
• Ideal site for future warehouse or industrial uses
• Excellent visibility off Hwy 63 South
• Adjacent to Rochester International Airport
• Just 2 minutes from Interstate 90 and 6 minutes from Rochester
Multifamily Development Opportunity
6,600 SF development site
Zoned R-4 Multifamily
Approved for two (2) six-plex apartment buildings
Prime infill development opportunity
Located just steps from Soldiers Field
Minutes from Downtown Rochester and Mayo Clinic
Excellent location for rental demand
Utilities available to the site (if applicable)
Ready for immediate development
Development Land
Two parcels of land for sale totaling 5.57 acres for less than $2 PSF.
Planned for Commercial and R-2 Development with new sewer and water at property lines.
Strong long-term investment potential.
Prime location in one of the fastest growing communities in SE Minnesota and just minutes from Rochester & Mayo Clinic.
Convenient routes to Hwy 52 and I-90 make commuting and logistics easy.
One of the last quality infill commercial properties available in Oronoco
Warehouse, Shop & Fenced Yard Space
Mechanic shop featuring an automotive lift
Ideal opportunity for a small car dealership or automotive user
Flexible warehouse and shop space suited for contractors, trades, and service businesses
Approximately 4,026 SF building with 7,587 SF of outdoor parking and yard area
Secure fenced yard with capacity for up to 40 vehicles
Excellent visibility and accessibility just blocks from Downtown Rochester and Mayo Clinic
Zoned for cannabis-related uses, offering unique flexibility for approved operators
Rare small-bay commercial property in a highly sought-after Rochester location
Ample onsite parking and outdoor storage capabilities
Established RV Park
4.27-acre RV park opportunity located just minutes from Rochester with convenient access to Hwy 52
Located only 1.5 miles from the Douglas State Trail, offering excellent biking and walking access
Strong combination of highway accessibility, Rochester proximity, and recreational amenities creates a highly desirable destination location
33 full-hookup RV sites featuring 30/50 AMP electric, water, and sewer connections
Big-rig friendly layout with 17 pull-through sites (30 x 75 ft) plus shaded back-in sites (30 x 60 ft)
Clean restroom and shower facilities available for guests
On-site laundry facilities for added convenience
Adjacent to Tilly’s Bar & Grill, providing guests with convenient dining and entertainment options
High Visibility Redevelopment Site
Exceptional redevelopment opportunity for industrial, warehouse, or potential residential use
Over 4 acres of prime real estate positioned along highly traveled Hwy 52
Outstanding visibility with strong daily traffic counts and exposure
Located in Oronoco just minutes north of Rochester — one of Minnesota’s fastest-growing regional economies
Ideal site for owner-users, developers, investors, or future mixed-use concepts
Rare opportunity to secure a high-visibility development site in a limited-supply market
Rare Waterfront Hospitality Opportunity
The only bar and restaurant on the lake, serving hundreds of nearby residences and thousands of annual visitors
Significant upside opportunity for a new owner to refresh branding, expand marketing, introduce events/live entertainment, and modernize menu offerings
Turnkey opportunity with furniture, fixtures, equipment, and operational infrastructure included
Nearby boat landings with strong seasonal lake traffic and recreation-driven customer base
Additional land offers potential for outdoor entertainment, expanded seating, events, storage, or future development
Accessibility to Highway 52 and located just minutes from the greater Rochester metropolitan area – home to Mayo Clinic and a rapidly expanding regional economy
Austin Supercenter Retail Investment Opportunity
Austin Supercenter is a 20,140 SF multi-tenant retail center located in Austin, Minnesota. The property is anchored by Hormel Foods, a major employer in the area, with this location serving as a key resource for Hormel employees—driving consistent, daily traffic to the center.
The shopping center is strategically positioned near strong national retailers including Walmart, Hobby Lobby, Aldi, and numerous other national brands, further enhancing visibility and customer draw.
With its combination of a stable anchor tenant, proximity to major employers, and placement within a proven retail corridor, Austin Supercenter offers buyers a compelling opportunity for long-term income and stability.
Multi-Family Residential Redevelopment Opportunity
1.10 Acres R-2 Multi-Family Residential
Located in the center of Austin, MN in the Prime Retail Trade area. Neighboring businesses include: Walmart, Marshalls, Ashley Furniture, Hy-Vee and many more!
Just 2 minutes from Interstate 90 and Highway 218
Over 20,000 cars daily
Perfect space for redevelopment!
High-Visibility Owatonna Development Site
These 3.89 acres are located off 4th Ave SE and 22nd St. SE
Located in South Owatonna across from the fairgrounds with easy access to HWY 14
Near restaurants, entertainment, and the recently opened Hy-Vee
North Lot Zoning is B-2 Community Business, West Lot Zoning is R-6 High Density Residential
Perfect condo/multi-family opportunity!
Industrial Space
17,100 SF industrial building for sale in Austin, MN
15,900 SF of versatile warehouse space featuring a mix of climate-controlled and standard storage area
18-foot clear ceiling height with bridge crane, ideal for a variety of industrial and specialized uses
Two loading docks to streamline shipping and receiving operations
Recently refinished 1,200 SF office space with new furnace/ AC, plumbing fixtures, carpet.
Situated in Austin’s primary industrial corridor
One minute from I-90, offering excellent regional access
Move-in Ready Office Space
Office space for lease
3 private offices + breakroom
Fully furnished and move-in ready
All-inclusive gross lease
Rent includes utilities, property taxes, snow removal, and lawn care
Clean, well-maintained space
Ample on-site parking for staff and clients
Ideal for small business or professional office use
Mixed Use and/or Restaurant Building
2,000 SF
Breakaway from the hustle/bustle of everyday city life—live in a beautiful small town with stunning scenery and incredible tourist traffic
Building has potential uses including Retail, Office, Residential, and Restaurant
Fully renovated and modernized in the last 5 years
Sale includes all furniture, fixtures, and equipment
DMC Development Opportunity
Infill development site in the heart of Rochester, anchored by the world-renowned Mayo Clinic (44,000+ employees; $5B expansion underway). Ideal for multifamily, senior housing, hospitality, or mixed-use development.
Walking distance to Mayo Clinic Hospital, Saint Mary’s Campus And Mayo Clinic Downtown Campus
Located within the DMC – St. Mary’s District (public-private growth initiative)
Along the Link Bus Rapid Transit (BRT) line (under construction) with direct access to all Mayo campuses
Close to retail, recreation, and major employment centers
Ideal for long-term investment and mixed-use development
Office/Warehouse/Shop
Office space featuring 4 private offices and a large bullpen
2,182 SF of office space with functional layout and team workspace
2,100 SF of warehouse space for storage, operations, or distribution
Flexible layout suited for a variety of business uses
Warehouse features 12’ garage doors with 16’ peak ceiling height
Convenient front-door parking for tenants and visitors
Prime location in one of Rochester’s fastest-growing areas
Excellent access to Hwy 52
Warehouse/Shop/Office
Office space featuring 10 private offices, with the ability to divide into smaller suites
2,182 SF of office space and 2,100 SF of warehouse space for storage, operations, or distribution
Highly flexible layout suited for a variety of business uses
Warehouse features 12’ garage doors with 16’ peak ceiling height
Convenient front-door parking for tenants and visitors
Prime location in one of Rochester’s fastest-growing areas
Excellent access to Hwy 52
Prime Development Land
Rare opportunity to invest in one of the region’s fastest-growing suburbs! With flexible zoning potential, this property is ideal for a wide range of development projects.
8.5 acres available
Potential for multifamily development
Suitable for commercial or retail use
Mixed-use opportunities
Situated in an up-and-coming area
Multi-use Property
Multi- use property with value-add potential
2.07-acre parcel with a 17,729 SF main building and 1,613 SF outbuilding
Six drive-in doors — ideal for automotive, service, or flex use
Commercial zoning allowing a wide variety of uses
High-visibility location in the heart of downtown Winona with strong traffic counts
Near the only bridge to Wisconsin within 30 miles with excellent regional access
Close to Fastenal’s new offices, Winona State University, and nearby restaurants, lodging, and government offices
Redevelopment or repositioning opportunity with strong upside potential
Fast Growing NW Development Opportunity
***FIRST LOT UNDER CONTRACT***
Prime retail and commercial lots available in a high growth area of NW Rochester! Join an 80-100 unit multi-housing development. Calling all retail and service providers to support this residential boom area.
Sewer and water installed on Sara Lynn. Storm water ponds are complete. Curbs and gutters installed. Blacktop is underway. Grading and backfilling are on-going.
High traffic and the bustle of new housing developments are driving demand.
Commit to your spot today for a spring build!
New Construction Opportunity
Construction is officially underway on this brand-new 3,612 SF office building, with projected completion in early spring.
Versatile Office Space in a Great Location
Three office condos totaling 3,705 square feet featuring multiple private offices, a spacious showroom floor, conference room, kitchen area, and restrooms — ideal for professional office, retail, or service-based users seeking a flexible and functional layout
Excellent owner/user opportunity or long-term investment
Potential sale/lease-back option available with current ownership
Flexibility to continue operating as one combined space or to separate and reposition as individual units
High Visibility Land
Two lots for sale totaling 1/2 an acre.
Great location and visibility right off US 52 and 14 with a 70,000+ car count a day.
The ongoing developments around the area show a commitment to growth, enhancing property values and attracting new businesses.
Close proximity to the world-renowned Mayo Clinic Center.
Prime Office Space
Well-maintained commercial building offering flexible office or medical space.
Upstairs: 900 SF featuring 4 offices, newly remodeled with bright, natural light
Downstairs: 990 SF suite with 3 private rooms, plus restroom and break room
Shared upper-level entrance with a private lower-level entrance for added flexibility.
Located in a professionally managed business condo complex — ideal for medical or office use.
Mixed Use Building
Approximately 5000 SF main level with fully finished basement.
Two level building with great open spaces that provide flexibility for various uses and potential configurations.
Located in a prime area, offering easy access to local shops, restaurants, and entertainment., walking distance to Main Street
Parking available, ensuring convenience for visitors.
There is a wide variety of attractions in the vicinity, making it an ideal spot for both work and leisure.
This is a fantastic opportunity for anyone looking to thrive in a vibrant and growing community!
Prime Retail Space
1,611 sqft available, ideal for boutique shops, cafes, or service oriented businesses.
Generous tenant improvement allowance available to customize the space to your needs.
LOCATION – These spaces are situated next to the upcoming sports complex, making them an attractive destination for residents and visitors.
Prime Retail Space Available
Two retail spaces available – 1,374 SF and 1,440 SF
Perfect for office, retail, or restaurant with plenty of parking
Be right in the middle of the action, with neighbors including Buffalo Wild Wings, Lowes, and Walmart.
Restaurant/Cafe/Retail Space
In the heart of Downtown Rochester
Walking distance to Mayo Clinic & Mayo Civic Center
Skyway access to enter Downtown Medical Center and Mayo Civic Center
40,000 employees and Millions of patients a year within walking distance
Connected to Broadway Plaza Hotel & New Hilton Hotel and Event Center
Over 35,000 guest rooms annually
Numerous cross promotion opportunities
Tenant improvement funds available
3,066 sqft available on street level
Broadway Plaza Office Space
In the heart of Downtown Rochester
Walking distance to Mayo Clinic & Mayo Civic Center
Skyway access to enter Downtown Medical Center and Mayo Civic Center
40,000 employees and Millions of patients a year within walking distance
Connected to Broadway Plaza Hotel & New Hilton Hotel and Event Center
Over 35,000 guest rooms annually
Numerous cross promotion opportunities
Tenant improvement funds available
2,327 sqft available
Adaptive Reuse Property
Investment opportunity with 27 efficiency units on 1.23 acres featuring 13,194 sf ft.
Warehouses and Office Space
Spaces include 16,800 SF storage facility, 5000 SF climate controlled warehouse, and up to 2,800 SF of office space.
Warehouses offer 3 – 14’x16′ bay doors
Over 2 acres available for yard or parking
Great location near the Hormel Main Plant and only 2 minutes from I-90!
Turn Key Restaurant
Great foot traffic in a charming historic downtown location!
A beloved staple in the community for over 41 years!
This turnkey business presents an exciting opportunity for new owners to take the reins and build upon its established success. Whether you’re looking to expand the menu, introduce new offerings, or enhance the customer experience, the possibilities are endless.
The sale includes business, equipment and assets.
One bedroom apartment included in the sale. Extra revenue!!
Retail Space For Lease in Owatonna, MN
1,800 SF available in Downtown Owatonna!
Mixed Use Building
Take advantage of this exceptional opportunity located just off Highway 61 and Main Street in the charming area of West End District Red Wing
Spacious open layout that allows for flexible use and easy customization to suit your needs.
Benefit from a large finished basement that provides ample space for activities, storage, or additional facilities.
The inclusion of an elevator ensures accessibility for all, making it suitable for diverse clientele and visitors.
This property offers a unique chance to establish a thriving business in a vibrant community. Ideal for Daycare or Treatment Center
302 South Main Street–Stewartville Convenience
–Over 7,000 SF on one acre of land in prime downtown
–Great retail and office location on highest traffic road throughout Stewartville
–Prominent exposure with large windows and front door parking
–Former Liquor and Convenience stores–Coolers and fixtures available
–New HVAC and mechanicals 2022
Land for Sale or Build to Suit Opportunity!
2.24 acres with Interstate Hi-Rise sign available!
This is the perfect development opportunity!
Great visibility from I-90 and Oakland Ave
Newly completed road access in 2023
Elgin Business Park
- Commercial Industrial Zoning
- Only 1 lot left!
- City water and sewer
- Asking $1.25 psf
Potential Business Incentives Available
*All incentives are based on need, are subject to city policies,council approval and applicable state laws. Some restrictions may apply.
NE Commercial
Adjacent to Growing Retail Center, Century High School and National Volleyball Center, and Residential Neighborhoods. A new Kwik Trip is coming north of the remaining lot.
Think Plaza – For Sale or Build To Suit
• Exciting opportunity located in the Think Plaza Development.
• Prime location available for Build to Suit/Leaseback or Sale.
• The connection of Members Parkway to Northwest Plaza was recently completed.
• .63 Acre Lot. Up to a 6,750 sf building possible.
• Accessible via Hwy 52 and West Circle Drive near Sam’s Club and Walmart.
Rochester Technology Campus – FOR LEASE
This beautiful campus is the former IBM location. Now, the Rochester Technology campus has 34 buildings and 3.1 Million square feet .
The campus offers various space with uses including office, manufacturing, warehouse, data center and laboratory.
Tenant amenities include:
Large meeting spaces suitable for conferences, an auditorium, cafeteria, and outdoor amenities such as tennis courts,
playing fields and a disc golf course.
Commercial Real Estate Listings in MN
Rochester Continues To Lead Commercial Growth in Southeast Minnesota
A medical office investor recently shifted focus from the Twin Cities to Rochester after struggling to find stable cap rates and long-term tenant demand in oversaturated suburban markets. The difference became clear quickly. Rochester combines consistent healthcare-driven growth with expanding residential development, creating demand for office, retail, industrial, and multifamily properties across multiple price points.
Commercial real estate in MN looks very different depending on the market. Rochester stands apart because of the Mayo Clinic ecosystem, regional employment growth, and continued infrastructure investment. Businesses moving into the area are not chasing short-term momentum. Many are positioning themselves for long-term expansion tied to healthcare, logistics, housing demand, and regional population growth.
Areas near Highway 52, West Circle Drive, and the expanding northwest corridor continue attracting developers, retailers, and owner-users searching for visibility and accessibility.
Best Commercial Property Locations in Rochester MN
Location selection affects leasing performance, resale value, tenant retention, and redevelopment potential. The strongest opportunities often depend on property type and long-term strategy.
Key Commercial Corridors in Rochester
- Downtown Rochester, driven by Mayo Clinic traffic, hospitality demand, and medical office expansion
- West Circle Drive, known for retail visibility, vehicle traffic, and strong national tenant interest
- Highway 52 corridor, valuable for industrial, logistics, and service-based businesses
- Northwest Rochester growth areas, attracting multifamily, mixed-use, and development land buyers
- Highway 14 access points near Owatonna and Dodge Center, important for warehouse and distribution users
Retail tenants prioritize visibility, parking access, and traffic counts. Industrial users focus heavily on highway connectivity and loading capabilities. Multifamily investors often target areas near employment centers and future residential expansion.
One insight many investors miss is how future roadway improvements and residential development phases impact commercial appreciation years before projects are fully completed. Land near planned infrastructure upgrades often experiences substantial value movement before vertical development begins.
Where To Invest in Rochester MN Real Estate
Different commercial asset classes are performing for different reasons across Southeast Minnesota.
Office properties connected to medical services continue showing resilience due to Rochester’s healthcare economy. Industrial properties remain in demand because supply remains relatively tight near major transportation corridors. Multifamily properties continue attracting investor attention due to population growth and housing demand tied to expanding employment.
Commercial land also remains a major focus, especially parcels positioned near future residential growth.
Investors evaluating commercial real estate in MN should look closely at:
- Tenant stability and lease structure
- Traffic flow and ease of access
- Zoning flexibility
- Future redevelopment potential
- Nearby residential and business growth
- Parking ratios and site functionality
Cap rates alone rarely tell the full story. A property with slightly lower initial returns may outperform long term because of location positioning and redevelopment upside.
Commercial Land for Development Near Mayo Clinic
Development land near Rochester continues attracting regional developers, healthcare-related businesses, and multifamily investors.
Land near expanding residential neighborhoods in Northwest Rochester has become especially competitive because developers understand future population density drives retail and service demand. Sites with strong access to Highway 52 or major arterial roads often command premium pricing due to long-term visibility advantages.
A costly mistake many buyers make is underestimating infrastructure expenses tied to raw land development. Utility access, stormwater requirements, road improvements, and zoning approvals can dramatically affect project feasibility.
Before purchasing development land, buyers should evaluate:
- Utility availability
- City growth plans
- Traffic studies
- Zoning restrictions
- Environmental considerations
- Future intersection improvements
Commercial land decisions should be based on projected growth patterns, not just current activity.
Lease Vs Buy Commercial Property in Rochester
Expanding businesses often debate leasing versus ownership. The right answer depends on growth plans, capital reserves, and operational flexibility.
Leasing can make sense for businesses expecting rapid expansion or uncertain space requirements. Ownership becomes attractive when long-term stability, equity growth, and operational control are priorities.
Owner-users purchasing commercial real estate in MN often gain advantages through:
- Long-term fixed occupancy costs
- Property appreciation
- Tax benefits
- Greater operational flexibility
- Expansion opportunities
Businesses expecting steady growth over the next 5 to 10 years often benefit from evaluating ownership earlier than anticipated. Waiting too long can limit available inventory in high-demand corridors.
For first-time investors entering the Rochester market, smaller multifamily properties or owner-occupied mixed-use buildings often provide a more manageable entry point than large retail centers or complex industrial assets.
How To Choose a Commercial Real Estate Broker in Rochester
Commercial transactions require far more than listing access. Buyers and sellers need local market interpretation, negotiation strategy, and property-level analysis tied directly to investment goals.
A strong commercial real estate broker should understand:
- Off-market opportunities
- Local zoning and development trends
- Tenant demand by corridor
- Lease structures and operating expenses
- Investment underwriting
- Regional growth patterns
The Rochester market moves differently than larger metro areas. Local relationships and market timing often influence deal flow before properties ever reach public listing platforms.
Hamilton Real Estate Group works directly with investors, developers, business owners, and property sellers throughout Southeast Minnesota to identify opportunities aligned with long-term objectives.
Questions About Commercial Real Estate in MN
Is now a good time to invest in Rochester MN commercial real estate?
Rochester continues showing long-term stability due to Mayo Clinic expansion, healthcare employment growth, and ongoing residential development. Investors focused on long-term positioning continue targeting multifamily, medical office, industrial, and development land opportunities.
What commercial property types perform best in Southeast Minnesota?
Industrial properties, multifamily assets, medical office buildings, and commercial land near growth corridors continue attracting strong investor interest. Retail performance depends heavily on traffic counts, visibility, and tenant mix.
Should a business lease or buy commercial space in Rochester?
Businesses planning long-term operations in one location often benefit from ownership. Companies expecting rapid operational changes may prefer leasing flexibility.
Where are the fastest-growing areas in Rochester for commercial development?
Northwest Rochester continues experiencing major residential and commercial expansion. Areas near Highway 52, West Circle Drive, and key intersections connected to new housing growth remain highly active.
How do investors find off-market commercial opportunities in Minnesota?
Many off-market opportunities come through local broker relationships, developer networks, and long-standing property owner connections. Working with an experienced local commercial brokerage often provides access to opportunities before public marketing begins.
Commercial Real Estate Decisions Depend on Local Market Knowledge
Commercial real estate in MN is not a one-size-fits-all market. Rochester operates differently than many Midwest cities because healthcare expansion, regional employment growth, and infrastructure investment continue driving demand across multiple property sectors.
Investors searching for long-term appreciation, businesses planning expansion, and developers evaluating land opportunities all face different decision points. The strongest outcomes usually come from understanding how location, access, zoning, and future growth patterns intersect before a property reaches peak demand.
Hamilton Real Estate Group helps clients navigate those decisions with practical market insight grounded in Southeast Minnesota commercial real estate activity every day.
