Property profile

0 Pendant Ln Rochester, MN 55901

OFF-MARKET
Land
1.71 ac lot
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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

Location

Pendant Ln Rochester, MN 55901
Rochester metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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