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917 2nd St SW - DMC Development Opportunity 0.2 Acres of Commercial Land Offered at $1,777,022 CAD in Rochester, MN 55902
Investment Highlights
- Located within Rochester’s Destination Medical Center development district.
- Situated along the planned Bus Rapid Transit corridor for direct campus access.
- Supported by a $5 billion Mayo Clinic expansion fueling local economic growth.
- Walking distance to Mayo Clinic, St. Mary’s Campus, and Mayo downtown facilities.
- Close to retail, lifestyle amenities, and major employment centers.
- Infill site positioned for multifamily, senior housing, hospitality, or mixed-use projects.
Executive Summary
This infill development site offers a rare chance to position within Rochester’s thriving Destination Medical Center (DMC) District, a catalyst for major growth driven by the Mayo Clinic’s $5 billion expansion. Located steps from Mayo Clinic Hospital and St. Mary’s Campus, this property provides unmatched connectivity to world-class healthcare employers and a robust service-demand base. The parcel sits along the planned Bus Rapid Transit line, ensuring future transit access and enhanced mobility. Surrounded by retail, recreation, and major employment cores, the site is ideal for multifamily, senior housing, hospitality, or mixed-use concepts that leverage the city’s strong economic fundamentals.
Backed by the DMC public-private growth initiative, this property aligns with Rochester’s commitment to urban revitalization and long-term investment returns. Its proximity to Mayo’s 44,000+ employees and a growing residential population creates exceptional demand opportunity. Developers seeking strategic positioning in a market anchored by healthcare innovation will find this offering both resilient and highly scalable.
Backed by the DMC public-private growth initiative, this property aligns with Rochester’s commitment to urban revitalization and long-term investment returns. Its proximity to Mayo’s 44,000+ employees and a growing residential population creates exceptional demand opportunity. Developers seeking strategic positioning in a market anchored by healthcare innovation will find this offering both resilient and highly scalable.
Property Facts
| Price | $1,777,022 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.20 AC |
| Price | $1,777,022 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.20 AC |
1 Lot Available
Lot
| Price | $1,777,022 CAD | Lot Size | 0.20 AC |
| Price Per AC | $8,885,110.14 CAD |
| Price | $1,777,022 CAD |
| Price Per AC | $8,885,110.14 CAD |
| Lot Size | 0.20 AC |
Urban infill parcel in Rochester’s core with strong connectivity to Mayo Clinic campuses and future transit infrastructure, offering flexibility for high-demand residential or mixed-use development.
Description
Urban infill parcel in Rochester’s core with strong connectivity to Mayo Clinic campuses and future transit infrastructure, offering flexibility for high-demand residential or mixed-use development.
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Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 74.35.33.005115 | Improvements Assessment | $592,540 CAD |
| Land Assessment | $68,108 CAD | Total Assessment | $660,648 CAD |
Property Taxes
Parcel Number
74.35.33.005115
Land Assessment
$68,108 CAD
Improvements Assessment
$592,540 CAD
Total Assessment
$660,648 CAD
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917 2nd St SW - DMC Development Opportunity
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