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    41St St Rochester, MN 55901

    Sponsored
    For Sale
    $6,900,000

    Prime Rochester land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18.5-acre parcel, located at the intersection of 41st Street NW and Arboretum Drive NW in Rochester, Minnesota (zip code 55901), presents a remarkable development opportunity. The property boasts a substantial 806,809 square feet (APN: 7421220602330,741633070943,741633058609,741633058608,741741054549) and is zoned MX-S, permitting a variety of uses. Its strategic location offers easy access to County Road 22 NW and Highway 52, placing it within minutes of downtown Rochester. The land is situated near key amenities, including the Target Marketplace North, Mayo Clinic's Northwest Campus, and the Technology Park, ensuring high visibility and convenient access for future residents or businesses. The property's significant 815 feet of frontage on 41st Street provides ample opportunity for development. Furthermore, the property has recently received approval (within the last six months) from Community Development for a 187-townhome project, demonstrating its suitability for high-density residential development. However, the zoning allows for flexibility, making it suitable for townhouses, senior living facilities, multi-family dwellings, office spaces, or a mixed-use development incorporating retail components. The large size of the parcel allows for phased development, offering scalability and adaptability to various project timelines and budgets. The asking price is $6,900,000, translating to a land value of $8.55 per square foot.

    Property Features for 0 41St St

    General Information

    Property type
    Land

    HighLights

    • High‑density development potential.
    • 815 feet of frontage along 41st Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.514054916685
    Latitude
    44.064904745204

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    FAQs

    What type of property is this?
    Land - Prime Rochester land, ideal for development.
    Where is this land located?
    The property is located at 41St St Rochester, MN.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: High-density development potential.; 815 feet of frontage along 41st Street.;
    (507) 951-1977
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    41St 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
    41St St Rochester, MN 55901
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