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    2328 Scott Rd Rochester, MN 55901

    For Sale
    $1,842,585

    2.82 Acres, Prime NW Rochester Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.82-acre commercial land parcel presents a rare development opportunity in Rochester, Minnesota's thriving Northwest quadrant. Strategically situated along Commerce Drive and Scott Road, this property enjoys unparalleled visibility and accessibility with over 27,000 vehicles traversing West Circle Drive daily. Its location just north of Costco and directly across from the planned Cub Foods ensures high traffic volume and significant consumer exposure. The property's address is 2328 Scott Rd NW, Rochester, MN 55901, within Olmsted County. This prime location offers developers a unique chance to capitalize on the area's robust growth and strong retail demand. The asking price for this exceptional land is $1,842,585. The substantial lot size provides ample space for a variety of commercial developments, catering to the needs of a rapidly expanding community. Don't miss this chance to secure a prominent position in one of Rochester's most desirable commercial corridors. This is a truly exceptional opportunity for investors seeking high-impact development potential in a high-traffic, high-growth area. The property's location offers immediate access to major roadways and a dense concentration of existing businesses and residential areas.

    Property Features for 2328 Scott Rd

    General Information

    Property type
    Land
    Lot Size
    122,839 SF

    HighLights

    • 2.82‑acre commercial lot in Rochester's West Circle Drive area, with excellent visibility on Commerce Drive and Scott Road, near Costco.
    • Directly across from a planned Cub Foods grocery store.
    • High traffic count exceeding 27,000 vehicles daily on West Circle Drive.
    • Exceptional development opportunity in Northwest Rochester's thriving market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Circle Storage Self-Storage Facility Towner Companies Commercial Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.515693
    Latitude
    44.0493308

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    FAQs

    What type of property is this?
    Land - 2.82 Acres, Prime NW Rochester Location
    Where is this land located?
    The property is located at 2328 Scott Rd Rochester, MN.
    What is the asking price?
    The asking price for this property is $1,842,585.
    What are key features of this property?
    This property features: 2.82-acre commercial lot in Rochester's West Circle Drive area, with excellent visibility on Commerce Drive and Scott Road, near Costco.; Directly across from a planned Cub Foods grocery store.; High traffic count exceeding 27,000 vehicles daily on West Circle Drive.
    Request Owner's contact information
    2328 Scott Rd 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
    2328 Scott Rd Rochester, MN 55901
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