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    OFF-MARKET
    Land

    535 37Th St, Rochester, MN 55906

    6.94 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 6.94 ac (302,306 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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