Property profile

37XX Nottingham Dr Rochester, MN 55901

OFF-MARKET
Land
0.63 ac lot
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Property summary

AI-generated overview

This exceptional 0.63-acre lot, located at 37XX Nottingham Drive NW in Rochester, Minnesota, presents a unique opportunity for development. Priced at $300,000, this land offers a compelling value proposition at $11 per square foot. Situated within the thriving Think Plaza Development, this property boasts convenient access to major thoroughfares, including US Highway 52 and West Circle Drive, ensuring excellent visibility and accessibility. Its strategic location provides proximity to key retail destinations such as Sam's Club and Walmart, located at the nearby Northwest Plaza, via Members Parkway. The lot's zoning allows for the construction of an office building up to 6,750 square feet, making it suitable for a variety of commercial ventures. This presents an excellent chance to capitalize on Rochester's robust economic growth and build a thriving business in a high-traffic area. The property is in Olmsted County, Minnesota, with a zip code of 55901. The coordinates are 44.0745225 latitude and -92.5184535 longitude. This is a build-to-suit opportunity or a ready-to-develop lot in a rapidly expanding commercial area. Don't miss this chance to secure a prime piece of Rochester real estate.

Property profile

Verified
Property type Land
Lot 0.63 ac (27,443 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

37XX Nottingham Dr 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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