Property profile

3450 Kenosha Dr Rochester, MN 55901

OFF-MARKET
Land
4.76 ac lot
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Property summary

AI-generated overview

This exceptional 4.76-acre parcel of land presents a unique opportunity for high-density residential development in Rochester, Minnesota. Located at 3450 Kenosha Dr NW, 55901, this property is already entitled for 199 residential units, streamlining the development process. The land is zoned R-3, with a Future Land Use designation of Medium Density Residential, ensuring compatibility with the surrounding area. Situated in the desirable Rochester School District, this location offers convenient access to a wealth of amenities. Residents will enjoy proximity to major healthcare providers, including Mayo Clinic St. Marys (approximately 4.6 miles) and Mayo Clinic Methodist Hospital (approximately 5 miles). A variety of retail options are also within easy reach, including Costco, Cub, Aldi, Hyvee, Starbucks, and Qdoba. The property boasts excellent visibility from Valleyhigh Road NW, with access provided via Superior Drive NW. While the property is currently under contract with Eagle Builders for construction, this presents a unique opportunity for investors seeking a turnkey development project. The property's location and entitlements make it an ideal investment for developers seeking to capitalize on Rochester's thriving housing market. The detailed site plan and entitlements are available upon request.

Property profile

Verified
Property type Land
Lot 4.76 ac (207,346 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Building

Location

3450 Kenosha Dr Rochester, MN 55901
Rochester metro
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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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