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    OFF-MARKET
    Retirement homes

    1915 Marion Rd, Rochester, MN 55904

    2.98 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retirement homes
    Lot 2.98 ac (129,809 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
    Current use
    Occupant on record · Public records
    • Midwest Cannabis Cafe (Bike/Boat/Book/etc) Store
    • Bobs Trailer Court Campground & RV Park
    Value estimations
    Realmo proprietary · 4 methods
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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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