Development-Ready Multifamily Land
For Sale
Contact for pricing
50th Avenue NW and Valleyhigh Dr, Rochester, MN 55901
80-acre master development with 1,000 housing units entitled.
Property SizeContact for details
Lot Size80.00 Acres
Days on Market724
Property Features for 50th Avenue NW and Valleyhigh Dr
General Information
Standard status
Active
Lot size
80.00 Acres
Property subtype
Land
Zoning
R-2, R-3
Listing Agency:
North Rock Real Estate
Listed By:
Jeffrey Brown · License #MN40172933
Source:
Crexi
Added: Aug 31, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:23AM
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
Investment Insights
Based on property information with market context.
Prairie Ridge is an 80-acre master development featuring a mix of for-sale single-family homes, for-sale townhomes, build-to-rent townhomes, and apartment/multifamily units, totaling approximately 1,000 housing units entitled and ready for development. Located in Rochester's growth path at 50th Avenue NW and Valleyhigh Dr, Rochester, MN, 55901, this property presents a multifamily land investment opportunity. Zoned R-3 with an approved Environmental Assessment Worksheet (EAW), the property is development-ready for multiple multifamily projects across various asset classes. 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.
Key Highlights
- Development‑ready land entitled for ~1,000 housing units.
- Zoned R‑3 with an approved Environmental Assessment Worksheet (EAW).
- Located in Rochester's growth corridor at 50th Avenue NW and Valleyhigh Dr.
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 80-acre master development with 1,000 housing units entitled.
Where is this residential land & home lot 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 land entitled for ~1,000 housing units.; Zoned R‑3 with an approved Environmental Assessment Worksheet (EAW).; Located in Rochester's growth corridor at 50th Avenue NW and Valleyhigh Dr.
