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    Township New Hvn Rochester, MN 55901

    Sponsored
    For Sale
    $1,499,280

    62 Acres, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 62.47-acre parcel in Olmsted County, Minnesota's New Haven Township presents a compelling investment opportunity. Located near Highway 52 and Rochester, this all-tillable land boasts two large access points, offering convenient access. Its prime location provides immense potential for agricultural pursuits, with excellent rental rates and proximity to the Douglas Trail and Zumbro River. The property's development potential is further enhanced by its close proximity to Rochester, the Mayo Clinic, and the Pine Island golf course. The convenient location offers easy access to Rochester and Minneapolis/St. Paul airports. The property features a CPI of 62.4 and has a current real estate tax assessment of $3,422. With its strategic location and versatile nature, this land is ideal for investors seeking a high-return agricultural investment or future development possibilities. The asking price is $1,499,280, representing a price per acre of $24,000. This represents a significant opportunity in a desirable location with excellent access and amenities.

    Property Features for Township New Hvn

    General Information

    Property type
    Farms
    Lot Size
    2,721,193 SF

    HighLights

    • 62.47 deeded acres of tillable farmland.
    • 62.4 CPI.
    • Two large access points.
    • Development potential.
    • Proximity to the Douglas Trail.
    • Near the Zumbro River.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5098914
    Latitude
    44.0780552

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    FAQs

    What type of property is this?
    Farm - 62 Acres, Investment Opportunity
    Where is this farm located?
    The property is located at Township New Hvn Rochester, MN.
    What is the asking price?
    The asking price for this property is $1,499,280.
    What are key features of this property?
    This property features: 62.47 deeded acres of tillable farmland.; 62.4 CPI.; Two large access points.
    Request Owner's contact information
    Township New Hvn Rochester, MN 55901
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    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
    Township New Hvn Rochester, MN 55901
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