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    3718 65Th St Rochester, MN 55901

    For Sale
    $995,000

    Prime NW Rochester development land. Multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.5-acre parcel presents a rare development opportunity in Northwest Rochester, Minnesota. Strategically located off Highway 52, this property boasts a high daily traffic count of 43,971 vehicles. Its R3 zoning makes it ideal for multi-family residential or senior living development. The site's prime location within the main shopping area offers unparalleled convenience and accessibility. Nearby amenities include Menards, the newly opened Overland Elementary School, and Dakota Middle School. Further enhancing its appeal are forthcoming market-rate apartments in the immediate vicinity. This property benefits from Rochester's robust economy, fueled by the presence of the Mayo Clinic, creating a strong demand for housing. The asking price for this exceptional land is $995,000. This is a unique chance to capitalize on the growth and potential of this thriving community. The address is 3718 65th St NW, Rochester, MN 55901.

    Property Features for 3718 65Th St

    General Information

    Property type
    Multifamily properties

    HighLights

    • 2.5‑acre site in Northwest Rochester's prime retail corridor, directly off Hwy 52, boasting 43,971 cars per day.
    • R3 zoning ideal for multifamily or senior housing development.
    • Exceptional development opportunity in a thriving economy anchored by the Mayo Clinic.
    • Excellent location near Menards, Overland Elementary, Dakota Middle School, and a new market‑rate apartment complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5192129
    Latitude
    44.0934004

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    FAQs

    What type of property is this?
    Multifamily property - Prime NW Rochester development land. Multifamily potential.
    Where is this multifamily property located?
    The property is located at 3718 65Th St Rochester, MN.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 2.5-acre site in Northwest Rochester's prime retail corridor, directly off Hwy 52, boasting 43,971 cars per day.; R3 zoning ideal for multifamily or senior housing development.; Exceptional development opportunity in a thriving economy anchored by the Mayo Clinic.
    (507) 281-1002
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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
    3718 65Th St Rochester, MN 55901
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