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11 5th St NW
Rochester, MN 55901
Lowertown Development Opportunity · Land For Sale · 0.26 AC

Investment Highlights

  • Steps From Mayo Clinic & Downtown Rochester
  • Strong Development Potential
  • Emerging Lowertown Neighborhood Location
  • Great Accessibility

Executive Summary

Great development opportunity in downtown Rochester's Historic Lowertown District.

Property Facts Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Bar
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Neighbourhood Centre
  • Parking Garage
  • Parking Lot
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 0.26 AC
Opportunity Zone Yes
Zoning MXT-COR - Mixed Use Commercial Transit Oriented Development Corridor

1 Lot Available

Lot

Price $1,025,775 CAD
Price Per AC $3,945,288.41 CAD
Lot Size 0.26 AC

Great opportunity for redevelopment.

Description

Just a half-block off Broadway in Rochester’s emerging Lowertown Neighborhood District, this corner-lot property delivers a rare chance to ride the wave of Downtown Rochester, DMC, and Mayo Clinic growth, offering superb visibility, walkable transit access, and wide-open redevelopment potential. With the added option to keep the existing restaurant in operation as well this property offers both near and long-term potential. Secure your chance to own this dynamic Downtown Rochester land today.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 74.35.42.018530
  • 74.35.42.018531
Land Assessment
$256,991 CAD
Improvements Assessment
$154,960 CAD
Total Assessment
$411,951 CAD
  • Listing ID: 33564409

  • Date on Market: 2024-10-18

  • Last Updated:

  • Address: 11 5th St NW, Rochester, MN 55901

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