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    Commerce Dr Rochester, MN 55901

    Sponsored
    For Sale
    $4,800,312

    5.51 Acres, Prime West Circle Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.51-acre commercial land parcel presents a rare development opportunity in Rochester, Minnesota. Strategically located in the high-traffic West Circle Drive area, this property boasts convenient access via Commerce Drive and Scott Road, situated just north of a Costco. The site's prime location benefits from exceptional visibility and high daily traffic counts exceeding 27,000 vehicles along West Circle Drive. Adjacent to a future Cub Foods facility, this land offers significant synergy and potential for complementary development. The property is available for sale and allows for potential subdivision, providing flexibility for various development plans. The asking price is $4,800,312, translating to $20 per square foot. This presents a unique chance to capitalize on the robust growth and desirability of this thriving area of Rochester, making it an ideal investment for discerning developers seeking a high-impact commercial project. The property is zoned for commercial use (verification required by buyer). The address is Commerce Dr NW, Rochester, MN 55901. Olmsted County records should be consulted for detailed zoning information and potential development restrictions.

    Property Features for 0 Commerce Dr

    General Information

    Property type
    Land
    Lot Size
    240,016 SF

    HighLights

    • 5.51‑acre commercial lot in high‑traffic West Circle Drive area, near Commerce Drive and Scott Rd, north of Costco.
    • Adjacent to a planned Cub Foods grocery store.
    • Divisible land parcel for sale; West Circle Drive sees over 27,000 vehicles daily.
    • Exceptional development opportunity in a prime location.
    • $20/SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.516980716654
    Latitude
    44.04904889684

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    FAQs

    What type of property is this?
    Land - 5.51 Acres, Prime West Circle Location
    Where is this land located?
    The property is located at Commerce Dr Rochester, MN.
    What is the asking price?
    The asking price for this property is $4,800,312.
    What are key features of this property?
    This property features: 5.51-acre commercial lot in high-traffic West Circle Drive area, near Commerce Drive and Scott Rd, north of Costco.; Adjacent to a planned Cub Foods grocery store.; Divisible land parcel for sale; West Circle Drive sees over 27,000 vehicles daily.
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    Commerce Dr 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
    Commerce Dr Rochester, MN 55901
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