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SE Corner of 65th St - Buildable Corner Lot | All Utilities Nearby

5.48 Acres of Commercial Land Offered at £938,940 in Rochester, MN 55901

Investment Highlights

  • Significantly sited 5.48-acre corner lot directly off major highway US Route 52 adjacent to Kwik Trip and Burn Boot Camp in Rochester, Minnesota.
  • Situated in a highly trafficked and growing area with excellent visibility to over 32,000 vehicles per day, 10 minutes from Downtown Rochester.
  • Flexible B-2 zoning accommodates gas/convenience, motel/hotel, restaurant/fast food, office/warehouse, and other commercial uses.
  • Positioned in a major corridor in proximity to internationally renowned businesses Walmart Supercenter, Sam’s Club, McDonald’s, Wendy’s, and more.
  • Surrounded by strong demographics where more than 146,000 residents live within a 10-mile radius and spend over $2 billion in the community annually.

Executive Summary

Wilson Watts Commercial Real Estate is proud to offer this prime 5.48-acre lot situated with direct access to Highway 52 in Rochester, Minnesota. The highly visible acreage along the southeast corner of 65th Street NW is front and center to a densely trafficked area boasting one of the highest traffic counts in Rochester, exceeding 32,000 vehicles per day. This land is adjacent to local demand drivers Kwik Trip and Burn Boot Camp and is sited across from a sizeable up-and-coming retail development.

This parcel at 65th Street NW is perfectly located in one of Rochester’s major retail corridors, across US Route 52 from a newly built Menards. The asset is encircled by household-named businesses within a brief 3-mile radius including Walmart Supercenter, Target, McDonald’s, Sam’s Club, The Home Depot, Wendy’s, Costco, Harbor Freight Tools, and many more. 65th Street NW’s location features sought-after accessibility as it is also a quick 10-minute commute to Downtown Rochester and 15 miles from the Rochester International Airport.

The property is zoned B-2, which can accommodate many commercial uses such as development for a gas station paired with a convenience store, a hotel or motel, a sit-down or quick-service restaurant, an office/warehouse building, and more. The strong surrounding demographics help support the demand for development in the area of 65th Street NW, as there are nearly 150,000 residents within a 10-mile radius. This growing population spends over $2 billion in the area annually and produces an average household income of $108,521.

Data Room Click Here to Access

Property Facts

Price £938,940
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Multifamily
  • Convenience Store
  • Hotel
Total Lot Size 5.48 AC

1 Lot Available

Lot

Price £938,940
Price Per AC £171,464
Lot Size 5.48 AC

Buildable lot all utilities nearby. Zoned B2 commercial. Filled and compacted.$6.28 PSF.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74.09.12.078598
Land Assessment
£1,026,731
Improvements Assessment
£0
Total Assessment
£1,026,731

zoning

Zoning Code B1 Commercial
B1 Commercial
  • Listing ID: 5202363

  • Date on Market: 13/12/2016

  • Last Updated:

  • Address: SE Corner of 65th St, Rochester, MN 55901

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