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    OFF-MARKET
    Land

    0 Pendant Ln, Rochester, MN 55901

    1.71 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.71-acre commercial lot in Rochester, Minnesota, presents a rare development opportunity. Located near Highway 14 West and West Circle Drive, this property boasts high visibility and accessibility, making it ideal for a variety of commercial ventures. The lot is zoned for commercial use and offers significant potential for a retail center, commercial complex, or multi-family residential development. Its strategic location within a thriving commercial hub, surrounded by established businesses and multi-family buildings, ensures a consistent flow of potential customers and employees. The asking price is $391,755, translating to $6 per square foot. The property's convenient access to major highways enhances its appeal, while existing infrastructure and utilities minimize development time and costs. This is one of the last available lots in the area, offering a unique chance to establish a prominent presence in a rapidly growing market. The property's Olmsted County location, with a 55901 zip code, and its APN number 742943064690, provide further identification. This is a turnkey opportunity to capitalize on a prime location and build a successful business or residential development. The property is owned by Charel Properties LLC. Don't miss this chance to secure a piece of Rochester's vibrant commercial landscape.

    Property profile
    Verified
    Property type Land
    Lot 1.71 ac (74,488 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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