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    OFF-MARKET
    Land

    Township New Hvn, Rochester, MN 55901

    62.47 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 62.47-acre parcel in Olmsted County, Minnesota's New Haven Township presents a compelling investment opportunity. Located near Highway 52 and Rochester, this all-tillable land boasts two large access points, offering convenient access. Its prime location provides immense potential for agricultural pursuits, with excellent rental rates and proximity to the Douglas Trail and Zumbro River. The property's development potential is further enhanced by its close proximity to Rochester, the Mayo Clinic, and the Pine Island golf course. The convenient location offers easy access to Rochester and Minneapolis/St. Paul airports. The property features a CPI of 62.4 and has a current real estate tax assessment of $3,422. With its strategic location and versatile nature, this land is ideal for investors seeking a high-return agricultural investment or future development possibilities. The asking price is $1,499,280, representing a price per acre of $24,000. This represents a significant opportunity in a desirable location with excellent access and amenities.

    Property profile
    Verified
    Property type Land
    Lot 62.47 ac (2,721,193 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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