Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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