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    N Broadway Ave Rochester, MN 55906

    For Sale
    $2,000,000

    Lots & Land - Rochester, MN

    Lot size:
    63.35 Acres
    Days on Market:
    270
    Last Refresh:
    Dec 6 at 9:06 am

    Property Features for N Broadway Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture
    APN
    741324082184
    Lot size
    63.35 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Daniel Groteboer (952) 829-2900

    Listing date Mar 12, 2025

    MLS# 6679103 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land in Rochester, MN

    This exceptional property is situated in the fast-growing NE Rochester community. A $32 million road extension provides great access and future opportunity to this fabulous 63.35-acre parcel. This strategically located property with frontage on HWY 63 offers maximum visibility to thousands of daily commuters. The property offers outstanding frontage on three sides: 48th St on the south side, 55th St to the north, and North Broadway on the east. The property is zoned for agriculture.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.45272112
    Latitude
    44.06253758

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    FAQs

    What type of property is this?
    Land - Strategically located 63.35-acre land with high visibility.
    Where is this land located?
    The property is located at N Broadway Ave Rochester, MN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime development property with frontage on three sides (48th St, 55th St, and North Broadway).; - Strategically located with frontage on HWY 63, offering maximum visibility to daily commuters.; - Large 49.25-acre lot.
    (952) 829-2900
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    N Broadway Ave Rochester, MN 55906
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    Rochester, MN 55906
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    N Broadway Ave Rochester, MN 55906
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