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    OFF-MARKET
    Land

    3718 65Th St, Rochester, MN 55901

    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.5-acre parcel presents a rare development opportunity in Northwest Rochester, Minnesota. Strategically located off Highway 52, this property boasts a high daily traffic count of 43,971 vehicles. Its R3 zoning makes it ideal for multi-family residential or senior living development. The site's prime location within the main shopping area offers unparalleled convenience and accessibility. Nearby amenities include Menards, the newly opened Overland Elementary School, and Dakota Middle School. Further enhancing its appeal are forthcoming market-rate apartments in the immediate vicinity. This property benefits from Rochester's robust economy, fueled by the presence of the Mayo Clinic, creating a strong demand for housing. The asking price for this exceptional land is $995,000. This is a unique chance to capitalize on the growth and potential of this thriving community. The address is 3718 65th St NW, Rochester, MN 55901.

    Property profile
    Verified
    Property type Land
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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