0 41St StRochester, MN 55901

Property Details for 0 41St St

Property type

Residential income properties

Property subtype

Other land

Description

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.

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0649

Longitude

-92.5141

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