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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.

Property Facts

Price $1,798,615 CAD
Price Per Unit $449,654 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 2,856 SF
No. Stories 2
Year Built 1916
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
74.35.33.005115
Land Assessment
$68,989 CAD
Improvements Assessment
$600,209 CAD
Total Assessment
$669,198 CAD
  • Listing ID: 40711424

  • Date on Market: 2026-05-29

  • Last Updated:

  • Address: 917 2nd St SW, Rochester, MN 55902

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