1915 Marion Rd, Rochester, MN 55904
This exceptional 2.98-acre property in Rochester, Minnesota, presents a remarkable development opportunity. Located at 1915 Marion Rd SE, 55904, this R-2 zoned land boasts a prime location near the renowned Mayo Clinic, currently undergoing a $5 billion expansion project, creating thousands of jobs. The property's Future Land Use designation is Low Density Residential, making it ideal for various residential projects. Potential uses include single-family homes, townhomes, or redevelopment as a mobile home community. Its convenient location offers easy access to schools, parks, and retail amenities. The Olmsted County Assessor's Parcel Number (APN) is 63-07-43-079461. The asking price for this exceptional development site is $1,900,000. Given Rochester's strong housing demand and the city's incentives for new residential developments, this property represents a compelling investment opportunity. The property is currently classified as Land, Mobile Home Park, and Senior Living.
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Midwest Cannabis Cafe (Bike/Boat/Book/etc) Store
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Bobs Trailer Court Campground & RV Park
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.