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1741 2nd St SW

1.88 Acres of Residential Land in Rochester, MN 55902

Investment Highlights

  • Rochester's best located multi-family development opportunity
  • Located along Rochester' Bus Rapid Transit line - supported by Mayo Clinic - offering free transportation to all Mayo Clinic facilities
  • Zoned MX-T node, offering over the counter entitlement to 85 ft high structure, zero lot line and no density restriction
  • Located along HWY 52 at 2nd Street SW, making this Rochesters most central, visible and proximal multi-family development site

Executive Summary

Opportunity to acquire the Rochester's premier multi-family development site. Located along 2nd street SW which serves as Rochester's primary gateway to Mayo Clinic facilities, and located just steps from Mayo Clinic Hospital, this site is the best available multi-family development opportunity in Rochester and is poised to capitalize on Mayo Clinics planned growth. Mayo Clinic employees 45,000 in the Rochester area and is underway on a $5 Billion dollar expansion known as Bold. Forward. Unbound. Housing studies in Olmsted County reflect undersupply in the face of the anticipated growth, market vacancy rates are extremely low and rents are growing.

Attachments

Rochester Multi-Family Development Land - 2nd Street

Property Facts

Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 1.88 AC
Property Type Land
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.88 AC

1 Lot Available

Lot

Lot Size 1.88 AC
Lot Size 1.88 AC

Steps away from the world renowned Mayo Clinic at the intersection of HWY 52 and 2nd Street. This site offers best in market accessibility, visibility and proximity to amenities, making it Rochester's premier multi-family development opportunity.

Description

Located steps away from the world renowned Mayo Clinic Hospital at the intersection of HWY 52 and 2nd Street. This site offers best in market accessibility, visibility and proximity to amenities, making it Rochester's premier multi-family development

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Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 74.34.34.068137
  • 74.34.34.074114
  • 74.34.34.024703
  • 74.34.34.074116
  • 74.34.34.068135
  • 74.34.34.074118
 Improvements Assessment £295,218
Land Assessment £477,529 Total Assessment £772,748

PROPERTY TAXES

Parcel Numbers
Multiple
  • 74.34.34.068137
  • 74.34.34.074114
  • 74.34.34.024703
  • 74.34.34.074116
  • 74.34.34.068135
  • 74.34.34.074118
Land Assessment
£477,529
Improvements Assessment
£295,218
Total Assessment
£772,748

zoning

Zoning Code MX-T (Offering over the counter entitlements to 85 ft high structure, zero lot line and no density restriction)
MX-T (Offering over the counter entitlements to 85 ft high structure, zero lot line and no density restriction)
(952) 607-7886

  • Listing ID: 33785623

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: 1741 2nd St SW, Rochester, MN 55902

The Land Property at 1741 2nd St SW, Rochester, MN 55902 is currently available For Sale. Contact North Rock Real Estate, LLC for more information.

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1741 2nd St SW, Rochester, MN for sale Building Photo- Image 1 of 6
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1741 2nd St SW
(952) 607-7886 x

1741 2nd St SW

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Jeff Brown

(952) 607-7886

(952) 607-7886

Mike Zirbes

(952) 467-8601

(952) 467-8601

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