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10th Ave NE 7.02 Acres of Commercial Land Offered at $3,848,075 CAD in Byron, MN 55920
Investment Highlights
- Prime location in rapidly growing Byron, MN
- Strong demographics and continued area growth
- 9 Miles from Mayo Clinic's Saint Mary's Campus
- Convenient access to major transportation routes
- Excellent long-term investment and development potential
- 12 Minutes to Downtown Rochester
Executive Summary
The site features favorable development characteristics with ample acreage to accommodate flexible site planning, parking, and phased development opportunities. The property has been annexed into the City of Byron and rezoned commercial, helping streamline the path for future development. The City of Byron is known for being development-friendly and proactive in supporting responsible growth, making the approval process attractive for developers and investors. All structures (including footings) and septic systems have been demolished and hauled off-site, the well has been capped, and public utility connections are nearby/accessible, making this an exceptional opportunity for developers, investors, and owner-users seeking to capitalize on the continued expansion of the Byron and Rochester markets.
Property Facts
| Price | $3,848,075 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.02 AC |
| Property Type | Land | ||
| Zoning | Commercial | ||
| Price | $3,848,075 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.02 AC |
| Zoning | Commercial |
1 Lot Available
Lot
| Price | $3,848,075 CAD | Lot Size | 7.02 AC |
| Price Per AC | $548,158.82 CAD |
| Price | $3,848,075 CAD |
| Price Per AC | $548,158.82 CAD |
| Lot Size | 7.02 AC |
Prime commercial development opportunity in a fast-growing community. This 7.02-acre parcel located at 414 10th Ave NE offers outstanding potential for a wide range of future development opportunities including retail, office, multifamily and more.
Description
Strategically positioned with excellent visibility and accessibility, the property sits within one of Southeast Minnesota’s expanding growth corridors and benefits from Byron’s strong residential growth, proximity to Rochester, and increasing demand for commercial services and housing options.
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 75.33.12.071502 | Improvements Assessment | $385,647 CAD |
| Land Assessment | $139,930 CAD | Total Assessment | $525,577 CAD |
Property Taxes
Parcel Number
75.33.12.071502
Land Assessment
$139,930 CAD
Improvements Assessment
$385,647 CAD
Total Assessment
$525,577 CAD
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10th Ave NE
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