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    4345 Maine Ave SE Rochester, MN 55904

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    For Sale
    $590,000

    Land near retailers, apartments, hotels, and future sports complex.

    Lot size:
    1.69 Acres

    Property Features for 4345 Maine Ave SE

    General Information

    Lot size
    1.69 Acres

    Source: CBRE - Minnesota Agent Brian Pankratz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near Retailers, Hotels

    This commercial land benefits from its immediate proximity to national, regional, and local retailers, approximately 1000 apartment units, and three hotels: Holiday Inn Express, Microtel Inns & Suites, and La Quinta Inns & Suites. The LI zoning allows low-impact commercial and industrial uses near major roads. The Future Land Use (Commercial & Business Development) will allow for a variety of commercial uses. A recently announced new Regional Sports Complex of 150 acres is planned to include 8 turf baseball/softball fields, pickleball courts, and indoor basketball/volleyball courts. The property is approximately 5.6 miles away from the Mayo Clinic, Methodist campus and the new $5 billion expansion.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4621685
    Latitude
    43.9585156

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    FAQs

    What type of property is this?
    Land - Land near retailers, apartments, hotels, and future sports complex.
    Where is this land located?
    The property is located at 4345 Maine Ave SE Rochester, MN.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: - Immediate proximity to a high concentration of +/- 1000 apartment units and three hotels.; - Future Land Use (Commercial & Business Development) allows for a variety of commercial uses.; - Close proximity to National, regional, and local retailers.
    (952) 924-4665
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    4345 Maine Ave SE Rochester, MN 55904
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    Rochester, MN 55904
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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
    4345 Maine Ave SE Rochester, MN 55904
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