Property summary
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
VerifiedCap rate & NOI
Current use
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Apartment Building
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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