55th 18Th AveRochester, MN 55901

Property Details for 55th 18Th Ave

Lot size

1.50 AC

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional development opportunity in Rochester, Minnesota, presents a unique chance to invest in a rapidly expanding area. Located at the intersection of 55th Street and 18th Avenue NW (55901), this property boasts high traffic counts: 18,200 cars per day on 55th Street and 52,227 cars per day on nearby Highway 52. The site offers multiple lots zoned MX-G, R-3, and MX-S, suitable for a variety of retail, commercial, and multifamily projects. Lot sizes range from 1.5 to 6.28 acres, providing flexibility for various development scales. Importantly, these lots are projected to be fully prepared for construction by Fall 2024, minimizing delays and maximizing efficiency. With 3.38 acres already under contract, this signifies strong market interest and underscores the potential for significant returns. The City of Rochester's recently updated Unified Development Code provides comprehensive guidelines for development in this area. This is an exceptional opportunity to capitalize on Rochester's growth trajectory and secure a prime location in a thriving market. Don't miss this chance to be part of this exciting development.

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0795

Longitude

-92.5159

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