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 type Retirement homes

Lot 2.98 ac (129,809 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

(Bike/Boat/Book/etc) Store
Campground & RV Park

1915 Marion Rd Rochester, MN 55904

Rochester metro

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6 recent transactions · within 1.5 mi

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Value Estimation
$1,420,000

44,059 SF

501 8th SE Ave

HOMES (RETIRED, NURSING)

501 8th SE Ave, Rochester, MN 55904-4834

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Value Estimation
$1,500,000

0.25 Acres

Rochester, MN 55904

HOMES (RETIRED, NURSING)

Rochester, MN 55904

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Value Estimation
$1,500,000

0.15 Acres

Rochester, MN 55904

HOMES (RETIRED, NURSING)

Rochester, MN 55904

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Value Estimation
$465,000

3,496 SF

2206 11th SE Ave

HOMES (RETIRED, NURSING)

2206 11th SE Ave, Rochester, MN 55904-5693

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Value Estimation
$1,500,000

0.16 Acres

Rochester, MN 55904

HOMES (RETIRED, NURSING)

Rochester, MN 55904

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Value Estimation
$525,000

17,386 SF

1680 Eastwood SE Rd

HOMES (RETIRED, NURSING)

1680 Eastwood SE Rd, Rochester, MN 55904-6282

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