1741 2nd SW St Rochester, MN 55902-0354
- Office buildings
- 4,020 SF
- 0.11 lot acres
Current Use by Public Records
- Judi Wilson / Attorney
- JK Wilson Law, LLC / Legal Services
- full circle financial / Financial Planner / Consultant
- Southeast Scuba Escape / Scuba Instructor
Property Details for 1741 2nd SW St
- Year built
- 1939
- Lot size
- 0.11 lot acres
- Property size
- 4,020 SF
- Property type
- Office buildings
- APN
- 74.34.34.068135
- APU
- 743434068135
Description
This exceptional 1.88-acre site at 1741 2nd St SW, Rochester, MN 55902, presents a unique multifamily development opportunity. Boasting 81,907 square feet, the property is ideally situated near Mayo Clinic Hospital, benefiting from its proximity to the 45,000 Mayo Clinic employees and its ongoing $5 billion expansion. Zoned MX-T, it allows for an 85-foot-high structure with zero lot line and no density restrictions. The location along Highway 52 and 2nd Street SW provides exceptional visibility and accessibility. Furthermore, its placement along the planned Bus Rapid Transit line (opening 2026), supported by Mayo Clinic, ensures convenient transportation to all Mayo Clinic facilities. This infill opportunity within the Destination Medical Center (DMC) district offers potential for city and public support. Built in 1939, this site capitalizes on Rochester's undersupplied housing market, characterized by low vacancy rates and rising rents, making it a compelling investment prospect. The property's central location and advantageous zoning regulations create a rare opportunity for significant returns in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4897
- Latitude
- 44.0219
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
