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    FOR SALE
    Warehouses

    2328 Scott Rd NW, Rochester, MN 55901

    56,290 SF 3.28 ac lot Built 2019
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US46-0914618
    2328 Scott Rd NW, Rochester, MN 55901 For Sale
    $940,896 56,290 SF
    2328 Scott Rd NW, Rochester, MN 55901
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 2.82-acre commercial land parcel presents a rare development opportunity in Rochester, Minnesota's thriving Northwest quadrant. Strategically situated along Commerce Drive and Scott Road, this property enjoys unparalleled visibility and accessibility with over 27,000 vehicles traversing West Circle Drive daily. Its location just north of Costco and directly across from the planned Cub Foods ensures high traffic volume and significant consumer exposure. The property's address is 2328 Scott Rd NW, Rochester, MN 55901, within Olmsted County. This prime location offers developers a unique chance to capitalize on the area's robust growth and strong retail demand. The asking price for this exceptional land is $1,842,585. The substantial lot size provides ample space for a variety of commercial developments, catering to the needs of a rapidly expanding community. Don't miss this chance to secure a prominent position in one of Rochester's most desirable commercial corridors. This is a truly exceptional opportunity for investors seeking high-impact development potential in a high-traffic, high-growth area. The property's location offers immediate access to major roadways and a dense concentration of existing businesses and residential areas.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 2019
    Total area 56,290 SF
    Lot 3.28 ac (142,659 SF)
    APN 74.28.22.084464
    UPID US46-0914618
    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
    Current use
    Occupant on record · Public records
    • West Circle Storage Storage Facility
    • Towner Companies Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.33M
    Blend (final) Blend
    $3.82M
    Owner & transaction history
    Towner Properties L L C · 7 yrs held
    Towner Properties L L C
    since 2018
    1 recorded transaction
    2018
    $696,579
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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