1915 Marion Rd Rochester, MN 55904
- Retirement homes
- 2.98 lot acres
Current Use by Public Records
- Midwest Cannabis Cafe / Outdoor Clothing And Equipment Shop
- Bobs Trailer Court / Mobile Home Park / Real Estate
Property Details for 1915 Marion Rd
- Lot size
- 2.98 lot acres
- Property type
- Retirement homes
- Property subtype
- Mobile home & RV parks
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4263
- Latitude
- 43.9939
