55th 18Th AveRochester, MN 55901

For Sale
Call for price

Prime retail, multifamily land. Shovel-ready Fall 2024.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Prime Rochester, MN development opportunity in a high-growth area.
  • 55th Street sees 18,200 cars per day, and Hwy 52 sees 52,227 cars per day.
  • Available lots are zoned for retail, commercial, and multifamily uses.
  • Shovel-ready lots anticipated Fall 2024.
  • 3.38 acres currently under contract; lot sizes range from 1.5 to 6.28 acres.

Property Details for 55th 18Th Ave

Property type
Other retail properties, Multifamily properties
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0794986
Longitude
-92.5158562
55th 18Th Ave, Rochester, Minnesota

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
55th 18Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message