Property profile

20200 Rogers Dr Rogers, MN 55374

OFF-MARKET
Commercial real estate
Property ID
US46-0548974
41.53 ac lot Built 2005
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional four-acre commercial land parcel presents a prime opportunity for retail development in the thriving city of Rogers, Minnesota. Boasting unparalleled visibility from Interstate 94 and convenient access via State Highway 101 (with easy on/off ramps), this property enjoys a highly desirable location. The site is zoned RC, making it perfectly suited for a variety of retail uses. Its strategic position adjacent to the Diamond Lake Industrial Park ensures a robust customer base and strong potential for synergy. The surrounding area boasts a high average household income of $131,018 and a steady growth rate of 1.19%, indicating a strong and stable market. This location benefits from the presence of established and successful national retailers such as Cabela's, Goodwill, Target, Kohl's, and CVS, further solidifying its appeal and potential for success. The property consists of two parcels: Parcel ID 24-120-23-32-0008 (assessed at $26,113.54) and Parcel ID 24-120-23-32-0009 (assessed at $16,700.78). This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area with excellent access and strong demographics. Don't miss this chance to secure a prime location for your next retail venture.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Construction CONCRETE
Lot 41.53 ac (1,809,047 SF)
APN 24-120-23-32-0003
UPID US46-0548974

Cap rate & NOI

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

Location

20200 Rogers Dr Rogers, MN 55374-4716
Rogers metro Census 26911 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$21.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$21.10M

Owner & transaction history

since 2024
Last sale
$21.1M
3 recorded transactions
2024
Price N/A
2024
$21.1M
2017
$37.0M

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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