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    535 37Th St Rochester, MN 55906

    Sponsored
    For Sale
    $3,325,370

    Prime commercial land, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.94-acre commercial land parcel presents a remarkable investment opportunity in Northeast Rochester, Minnesota. Strategically located on the highly visible corner of 37th Street NE and North Broadway Avenue, this property comprises three combined parcels ideal for diverse commercial development. The site benefits from exceptional daily traffic counts, with 23,300 vehicles passing on 37th Street and 11,490 on North Broadway Avenue, ensuring maximum exposure for any future business. The property's commercial zoning allows for a wide range of development possibilities, catering to businesses seeking a prominent location with high visibility and accessibility. The address is 535 37th St NE, Rochester, MN 55906, within Olmsted County. This prime location offers significant potential for growth and success, making it an attractive investment for developers and businesses alike. The asking price for this exceptional property is $3,325,370. Don't miss this chance to acquire a highly sought-after commercial land parcel in a thriving area.

    Property Features for 535 37Th St

    General Information

    Property type
    Land
    Lot Size
    302,306 SF

    HighLights

    • Three contiguous land parcels.
    • Corner lot location.
    • High traffic count: 23,300 vehicles daily on 37th Street.
    • High traffic count: 11,490 vehicles daily on N Broadway Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -92.4545554
    Latitude
    44.0592119

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    FAQs

    What type of property is this?
    Land - Prime commercial land, high traffic area.
    Where is this land located?
    The property is located at 535 37Th St Rochester, MN.
    What is the asking price?
    The asking price for this property is $3,325,370.
    What are key features of this property?
    This property features: Three contiguous land parcels.; Corner lot location.; High traffic count: 23,300 vehicles daily on 37th Street.
    Request Owner's contact information
    535 37Th St Rochester, MN 55906
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    Rochester, MN 55906
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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
    535 37Th St Rochester, MN 55906
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