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    37XX Nottingham Dr Rochester, MN 55901

    Sponsored
    For Sale
    $300,000

    Prime 0.63-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.63-acre lot, located at 37XX Nottingham Drive NW in Rochester, Minnesota, presents a unique opportunity for development. Priced at $300,000, this land offers a compelling value proposition at $11 per square foot. Situated within the thriving Think Plaza Development, this property boasts convenient access to major thoroughfares, including US Highway 52 and West Circle Drive, ensuring excellent visibility and accessibility. Its strategic location provides proximity to key retail destinations such as Sam's Club and Walmart, located at the nearby Northwest Plaza, via Members Parkway. The lot's zoning allows for the construction of an office building up to 6,750 square feet, making it suitable for a variety of commercial ventures. This presents an excellent chance to capitalize on Rochester's robust economic growth and build a thriving business in a high-traffic area. The property is in Olmsted County, Minnesota, with a zip code of 55901. The coordinates are 44.0745225 latitude and -92.5184535 longitude. This is a build-to-suit opportunity or a ready-to-develop lot in a rapidly expanding commercial area. Don't miss this chance to secure a prime piece of Rochester real estate.

    Property Features for 37XX Nottingham Dr

    General Information

    Property type
    Land
    Lot Size
    27,443 SF

    HighLights

    • 0.63‑acre lot available for sale or build‑to‑suit.
    • 0.63‑acre lot within the Think Plaza development.
    • Potential for up to 6,750 square foot office building.
    • Located in a thriving business park.
    • Excellent access via Members Parkway, connecting to Northwest Plaza (anchored by Sam's Club and Walmart).
    • Convenient access from US Highway 52 and West Circle Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5184535
    Latitude
    44.0745225

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    FAQs

    What type of property is this?
    Land - Prime 0.63-acre lot, ideal for development.
    Where is this land located?
    The property is located at 37XX Nottingham Dr Rochester, MN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 0.63-acre lot available for sale or build-to-suit.; 0.63-acre lot within the Think Plaza development.; Potential for up to 6,750 square foot office building.
    (507) 281-1002
    Request Owner's contact information
    37XX Nottingham Dr Rochester, MN 55901
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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
    37XX Nottingham Dr Rochester, MN 55901
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