Med-City Industrial Invesment Opportunity

835 38th Street Northwest, Rochester, MN 55901

Property Information

  • For Sale $2,650,000
  • Property Type Industrial - Flex - Industrial
  • Property Size 19,207 SF
  • Units 1
  • Lot Size 1.28 Acre
  • Year Built 1994
  • Date Updated May 15, 2026
  • Dock High Doors 1
  • Grade Level Doors 1
  • Office Area 8,630 SF
  • Fire Sprinklers Other
  • HVAC Other

Description

Located at the NW corner of 37th Street NW and West River Parkway NW. This property enjoys easy access to HWY 52, HWY 63 and downtown Rochester (Mayo Clinic) all within minutes driving. Property is located adjacent to the City of Rochester's Development Services and Infrasture Center as well as the Rochester Police Department. Area retailers include, HyVee, Starbucks, Wells Fargo, Enterprise, Circle K and many local restaurants & service businesses.This offering presents a rare opportunity to acquire a stabilized industrial asset in Rochester—one of the Midwest’s fastest-growing markets, driven by continued expansion from Mayo Clinic and sustained population and employment growth. Industrial supply in Rochester remains tight, with limited available inventory and a highly constrained development pipeline due to land, zoning, and infrastructure challenges, creating strong long-term fundamentals. The property is occupied by Kleen-Tech Services, the original developer and long-term user of the building, demonstrating a deep operational commitment to the location. The tenant recently executed a lease extension providing approximately five years of remaining term, offering investors durable cash flow backed by an established occupant in a supply-constrained market.

Highlights

  • 100% Leased to Kleen-Tech Services LLC, National Janitorial Service Provider
  • 8,630 Square feet office/showroom and 10,577 square feet warehouse (14' clear)
  • Functional design accommodates a wide range of industrial and service users
  • In-place rents and pricing provide a compelling basis relative to market comparables
  • Limited Industrial Supply plus Constrained pipeline supports fundamentals
  • New Parking Lot (2021), New Overhead door (2024), New Furnace (2022), New Loading Dock (2021)
  • Opportunity to acquire at pricing below the cost to develop comparable product today
  • Wood-frame construction with insulated metal panel exterior, concrete block foundation, and metal roof system

Contacts

Jeff Brown

North Rock Real Estate

Location

Contact Listing Broker
Jeff Brown

North Rock Real Estate

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