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    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

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    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.
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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
    55th 18Th Ave Rochester, MN 55901
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