Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    55th 18Th Ave Rochester, MN 55901

    Sponsored
    For Sale
    Contact for pricing

    Prime retail, multifamily land. Shovel-ready Fall 2024.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional development opportunity in Rochester, Minnesota, presents a unique chance to invest in a rapidly expanding area. Located at the intersection of 55th Street and 18th Avenue NW (55901), this property boasts high traffic counts: 18,200 cars per day on 55th Street and 52,227 cars per day on nearby Highway 52. The site offers multiple lots zoned MX-G, R-3, and MX-S, suitable for a variety of retail, commercial, and multifamily projects. Lot sizes range from 1.5 to 6.28 acres, providing flexibility for various development scales. Importantly, these lots are projected to be fully prepared for construction by Fall 2024, minimizing delays and maximizing efficiency. With 3.38 acres already under contract, this signifies strong market interest and underscores the potential for significant returns. The City of Rochester's recently updated Unified Development Code provides comprehensive guidelines for development in this area. This is an exceptional opportunity to capitalize on Rochester's growth trajectory and secure a prime location in a thriving market. Don't miss this chance to be part of this exciting development.

    Property Features for 55th 18Th Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    65,340 SF

    HighLights

    • Prime Rochester, MN development opportunity in a high‑growth area.
    • 55th Street sees 18,200 cars per day, and Hwy 52 sees 52,227 cars per day.
    • Available lots are zoned for retail, commercial, and multifamily uses.
    • Shovel‑ready lots anticipated Fall 2024.
    • 3.38 acres currently under contract; lot sizes range from 1.5 to 6.28 acres.
    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
    -92.5158562
    Latitude
    44.0794986

    Nearby Similar for Sale

    • $2,199,000
      3.11 Acres

      Rochester Church with Redevelopment Potential

      Church property on 3+ acres near Highway 52 and Mayo Clinic.
      1727 Walden Ln SW, Rochester, MN 55902
      View Details
    • $6,500,000
      4.04 Acres

      Rochester MN Hotel Opportunity

      Centrally located Rochester, MN hotel near Mayo Clinic.
      435 16Th Ave NW, Rochester, MN 55901
      View Details
    • $3,000,000
      Pending

      Timeless Rochester Commercial Building

      Southwest Rochester commercial building with marble tile exterior.
      1620 Greenview Dr SW, Rochester, MN 55902
      View Details
    • $1,500,000
      7.58 Acres

      Versatile Estate Near Rochester

      7.5+ acre estate with house, office, and outbuildings.
      6910 38Th Ave SE, Rochester, MN 55904
      View Details
    • Contact for pricing
      25,000 SF

      Rochester Multifamily Investment Opportunity

      28-unit apartment complex near Mayo Clinic's $5B project.
      1901 26Th Ave Northwest, Rochester, MN 55901
      View Details
    • $2,572,592
      2,970 SF

      NNN Leased US Bank

      NNN leased US Bank with 7+ years remaining.
      3376 Northern Valley Pl NE, Rochester, MN 55906
      View Details
    • Contact for pricing
      131,752 SF

      Rochester Retail Institution For Sale

      Grocery-anchored shopping center near Mayo Clinic with strong tenant mix.
      1315 6Th St NW, Rochester, MN 55901
      View Details
    • Contact for pricing
      25,727 SF

      Modern Office Space in Rochester

      Versatile office space in a rapidly growing Rochester sector.
      3038 Jeremiah Ln NW, Rochester, MN 55901
      View Details
    • $3,500,000
      15,021 SF

      Northwest Gateway Office Investment

      Class A office space near Mayo Clinic.
      975 34Th Ave NW, Rochester, MN 55901
      View Details
    • Contact for pricing
      29,108 SF

      Downtown Rochester Redevelopment Opportunity

      Prime location near Mayo Clinic and University of Minnesota Rochester.
      323 S Broadway Ave, Rochester, MN 55906
      View Details
    • $325,000
      1,465 SF

      Professional Condo Near Downtown

      Condo with five offices, parking, and modern finishes.
      300 3Rd Ave SE, Rochester, MN 55902
      View Details
    • $434,500
      2,925 SF

      Move-in Ready Townhome with Wet Bar

      Spotless 3-bedroom, 3-bath townhome with high-end finishes and updates.
      2308 Coral Ct NE, Rochester, MN 55906
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime retail, multifamily land. Shovel-ready Fall 2024.
    Where is this multifamily property located?
    The property is located at 55th 18Th Ave Rochester, MN.
    What are key features of this property?
    This property features: Prime Rochester, MN development opportunity in a high-growth area.; 55th Street sees 18,200 cars per day, and Hwy 52 sees 52,227 cars per day.; Available lots are zoned for retail, commercial, and multifamily uses.
    Request Owner's contact information
    55th 18Th Ave Rochester, MN 55901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55th 18Th Ave
    Rochester, MN 55901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    55th 18Th Ave Rochester, MN 55901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.