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55th Street and 18th Avenue NW - Prime Development Lots Available 1.23 - 5.69 Acre Commercial Land Lots Offered at $1,306,083 - $4,039,083 CAD Per Lot in Rochester, MN 55901
Investment Highlights
- Located in Fast Growing NW Rochester. Convenient to HWY 52.
Executive Summary
We continue to have quite a bit of interest in the R-3 property for multiple styles of multifamily housing, so please reach out soon if you think you might have a multifamily project that would be a good fit in this development.
Property Facts
9 Lots Available
Lot 1 Block 2
| Price | $1,772,948 CAD | Lot Size | 1.50 AC |
| Price Per AC | $1,181,965.09 CAD |
| Price | $1,772,948 CAD |
| Price Per AC | $1,181,965.09 CAD |
| Lot Size | 1.50 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-G mid to high-intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot 2 Block 2
| Price | $2,364,572 CAD | Lot Size | 2.00 AC |
| Price Per AC | $1,182,286.24 CAD |
| Price | $2,364,572 CAD |
| Price Per AC | $1,182,286.24 CAD |
| Lot Size | 2.00 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-G mid to high-intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot 3 Block 2
| Price | $3,090,459 CAD | Lot Size | 2.61 AC |
| Price Per AC | $1,184,083.88 CAD |
| Price | $3,090,459 CAD |
| Price Per AC | $1,184,083.88 CAD |
| Lot Size | 2.61 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-G mid to high-intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot 4 Block 2
| Price | $2,363,107 CAD | Lot Size | 2.00 AC |
| Price Per AC | $1,181,553.46 CAD |
| Price | $2,363,107 CAD |
| Price Per AC | $1,181,553.46 CAD |
| Lot Size | 2.00 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-G mid to high-intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot 1 Block 3
| Price | $1,306,083 CAD | Lot Size | 1.23 AC |
| Price Per AC | $1,061,855.80 CAD |
| Price | $1,306,083 CAD |
| Price Per AC | $1,061,855.80 CAD |
| Lot Size | 1.23 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-S low to mid -intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot 2 Block 3
| Price | $1,351,442 CAD | Lot Size | 1.27 AC |
| Price Per AC | $1,064,127.34 CAD |
| Price | $1,351,442 CAD |
| Price Per AC | $1,064,127.34 CAD |
| Lot Size | 1.27 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-S low to mid -intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot Outlot D
| Price | $2,374,916 CAD | Lot Size | 2.23 AC |
| Price Per AC | $1,064,984.55 CAD |
| Price | $2,374,916 CAD |
| Price Per AC | $1,064,984.55 CAD |
| Lot Size | 2.23 AC |
• Be a part of the fastest growing area in Rochester! • Zoned MX-S low to mid -intensity commercial • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot 1 Block 1
| Price | $2,408,224 CAD | Lot Size | 3.40 AC |
| Price Per AC | $708,301.31 CAD |
| Price | $2,408,224 CAD |
| Price Per AC | $708,301.31 CAD |
| Lot Size | 3.40 AC |
• Be a part of the fastest growing area in Rochester! • Zoned R-3 multifamily residential • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Lot Outlot E
| Price | $4,039,083 CAD | Lot Size | 5.69 AC |
| Price Per AC | $709,856.47 CAD |
| Price | $4,039,083 CAD |
| Price Per AC | $709,856.47 CAD |
| Lot Size | 5.69 AC |
• Be a part of the fastest growing area in Rochester! • Zoned R-3 multifamily residential • Sewer, water, curb and gutter are installed in Sara Lynn Drive. • Regional storm water ponds built to handle the area's development
Description
Prime retail and commercial lots available in a high growth area of NW Rochester! Sewer and water installed. Curb and gutter in place. Blacktop is being placed. Grading and backfilling are un-going. Multi-family plans are underway. High traffic area requires housing, services and conveniences to support this fast growing location. Property Zoning: MXG - Mid to high-intensity commercial use MXS - Low to mid-intensity commercial use R-3 - Multifamily residential Here is a link to the recently updated Unified Development Code for the City of Rochester: https://www.rochestermn.gov/home/showpublisheddocument/36333/638084270359130000
Property Taxes
| Parcel Number | 74.15.21.087346 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,510,070 CAD | Total Assessment | $1,510,070 CAD |
Property Taxes
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55th Street and 18th Avenue NW - Prime Development Lots Available
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