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    3720 65Th St Rochester, MN 55901

    For Sale
    $1,750,000

    Prime NW Rochester location, R-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 5.14-acre parcel, located at 3720 65th St NW in Rochester, Minnesota (APN 740811081108), presents a remarkable opportunity for developers. Zoned R-3 (Medium Density Residential), this flat, build-ready land offers significant potential for a variety of projects, including apartments, senior housing, or townhomes. Its prime Northwest Rochester location provides easy access to a thriving area, situated adjacent to recently constructed apartment buildings, existing single-family homes, and convenient shopping amenities. The asking price is $1,750,000. The property's advantageous location within a rapidly growing area of Rochester, coupled with its generous size and versatile zoning, makes it an ideal investment for those seeking to capitalize on the city's robust real estate market. The flat terrain simplifies development, minimizing site preparation costs and accelerating project timelines. This is a rare opportunity to acquire a substantial tract of land in a highly desirable area, poised for immediate development. All necessary utilities are available. Contact for details.

    Property Features for 3720 65Th St

    General Information

    Property type
    Land
    Lot Size
    223,898 SF

    HighLights

    • 5.14‑acre parcel in Northwest Rochester, MN (APN 740811081108).
    • R‑3 (Medium Density Residential) zoning allows for multi‑family, senior housing, or townhome development.
    • Build‑ready, flat land minimizes site preparation costs.
    • Prime location near new apartments, existing homes, and shopping.
    • Asking price: $1,750,000.
    Property Profile Insight Report 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
    -92.519962
    Latitude
    44.093255

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    FAQs

    What type of property is this?
    Land - Prime NW Rochester location, R-3 zoning.
    Where is this land located?
    The property is located at 3720 65Th St Rochester, MN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 5.14-acre parcel in Northwest Rochester, MN (APN 740811081108).; R-3 (Medium Density Residential) zoning allows for multi-family, senior housing, or townhome development.; Build-ready, flat land minimizes site preparation costs.
    (507) 281-1002
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    3720 65Th St 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
    3720 65Th St Rochester, MN 55901
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