Development-Ready Multifamily Land
For Sale
Contact for pricing
50th Avenue NW and Valleyhigh Dr, Rochester, MN 55901
80-acre development site in Rochester's growth area.
Property Size30 SF
Days on Market268
Property Features for 50th Avenue NW and Valleyhigh Dr
General Information
Standard status
Active
Size
30 SF
Property subtype
Land
Listing Agency:
North Rock Real Estate - Rochester
(952) 607-7886
Listed By:
Jeff Brown · License #MN #40172933
(952) 607-7886
Source:
Northrockre
Added: Nov 25, 2025
Changed: Aug 17
Last Checked: Aug 19 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Rock Real Estate - Rochester
Investment Insights
Based on property information with market context.
Prairie Ridge is an 80-acre master development featuring a mix of housing units, including single-family homes, townhomes, and apartments, totaling approximately 1,000 units. Located at 50th Avenue NW and Valleyhigh Dr in Rochester, MN, this property is zoned R-3 and has an approved Environmental Assessment Worksheet (EAW). Approved concept plans include 4-story multifamily buildings and build-to-rent townhomes, with the flexibility to adjust to a developer's choice of product, totaling over 900 units throughout the Prairie Ridge Development. Initial mass grading is scheduled to commence in Fall 2024, with a for-sale project breaking ground on vertical construction in early Summer 2025. The site is located along Valleyhigh Drive NW at 50th Avenue, between W Circle Drive and the new 60th Avenue. The property is directly adjacent to amenities and transportation. The location is near the W Circle Drive commercial corridor and minutes from the Mayo Clinic. Key area retailers and employers include Costco, Mayo Clinic, Hyvee, Cub Foods, Starbucks, McDonalds, Five West, Tap House, IBM, Western Digital, and multiple banks, daycares, service, and convenience retailers. Rochester is anchored by the Mayo Clinic, which employs over 42,000 at the Rochester Campus and brings in over 1 million visitors annually. Mayo Clinic has commenced construction on a $5 Billion expansion to its Rochester campus.
Key Highlights
- Development‑ready: Zoned R‑3 with approved EAW for multiple multifamily projects.
- Prime Location: In Rochester's growth area, near Mayo Clinic and W Circle Drive commercial corridor.
- Strong Market: Rochester is anchored by the Mayo Clinic, a stable and growing employer.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 80-acre development site in Rochester's growth area.
Where is this land located?
The property is located at 50th Avenue NW and Valleyhigh Dr Rochester, MN.
What are key features of this property?
This property features: Development‑ready: Zoned R‑3 with approved EAW for multiple multifamily projects.; Prime Location: In Rochester's growth area, near Mayo Clinic and W Circle Drive commercial corridor.; Strong Market: Rochester is anchored by the Mayo Clinic, a stable and growing employer.
