11 5Th StRochester, MN 55906

For Sale
$930,000

Prime Lowertown location, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 0.26-acre commercial and residential land parcel presents a unique redevelopment opportunity in Rochester, Minnesota's vibrant Lowertown district. Located at 11 5th St NW, 55906, this C-Class property boasts a prime corner lot just steps from Broadway, offering easy access to major roads and public transportation. The 2,556 square foot lot, with APN 743542018531 and 74.35.42.018530, features a two-story, 1969-built structure on a single unit. The asking price is $930,000, translating to $363.85 per square foot. The property is zoned for commercial use, presenting significant potential for revitalization or new construction projects. Its proximity to the Mayo Clinic and the Downtown Rochester area offers unparalleled access to a thriving and expanding market. This investment opportunity is ideal for developers seeking to capitalize on the continued growth of the Downtown, DMC, and Mayo Clinic areas. The property's location and zoning provide a strong foundation for a variety of development possibilities. This is a rare chance to acquire a key piece of real estate in a rapidly developing area.

Highlights

  • Prime Corner Lot Location
  • Highly Desirable Lowertown Address
  • Significant Redevelopment Opportunity
  • Excellent Access to Major Arterials & Public Transit

Property Details for 11 5Th St

Property type
Other land, Land
Square Feet
2,556 SF
Class
C
Year Built
1969
Buildings
1
Stories
2
Lot Size (sq. ft)
11,326 SF
Units
1

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0282917
Longitude
-92.4639645
11 5Th St, Rochester, Minnesota

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11 5Th St
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