xxxx 18th Avenue NW, Rochester, MN 55901 (MLS# 6241729)

Overview

Description

Rochester’s next exciting city expansion! 117 acres of 'prime' mixed use development. High traffic NE corner of 18th Ave NW & 55th St NW. Premium commercial availability, with high density to low density residential housing for multiple development opportunities! Incredible investment potentials, seller will consider selling in phases. Near Overland Dr NW & New Overland Elementary School, along with New Dakota Middle School. This is Rochester’s up & coming area! Adjacent to Rochester City limits. Comprehensive 'concept' plan for the area is being drafted by a leading engineering firm & available for review with qualified parties. Great opportunity to phase in commercial & residential developments to our growing city. Call for details & appointment.

General Property Information

Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: Yes
Plat Recorded: No
Waterfront Present: No
Zoning: Business/Commercial, Lot
Lot Dimensions: irregular
Acres: 117
Assessment Pending: Unknown
Association Fee: 0

Property Features

Available Utilities: None Connected Development Status: Raw Land Improvements: None Land Inclusions: None Lock Box Type: None Topography: Rolling

Contract Information

Off Market Date: 2022-10-26
Contingency: None
Original List Price: 6200000
ListPrice: 6200000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: xxxx
Street Name: 18th
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901

Additional Parcels Information

Property ID #2: 741013084739
Property ID #3: 741042084738

Assessments

Tax With Assessments: 6122
Assessment Balance: 0

More Information

Builder Information

Builder Restrictions: Open

Lease Details

Land Leased: Not Applicable
Monthly Land Lease Amt: 0

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 10
Township#: 107

Office/Member Info

Association: SEMR
MLSID: RMLS

Location, Tax and Other Information

AssocFeeYN: No
Elementary School: Overland
High School: John Marshall
Legal Description: SECT-10 TWP-107 RANGE-014 37.73 AC SW1/4 SE1/4 LESS S75FT SEC 10-107-14
Listing City: Rochester
Map Page: 999
Middle School: Dakota
Municipality: Rochester
Rental License?: No
School District: Rochester
School District Phone: 507-328-3000
Map Coordinate Source: RETS
Zip Plus 4: 2109
Property ID Number: 741043057185
Tax Year: 2024
Tax Amount: 6122
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rochester’s next exciting city expansion! 117 acres of 'prime' mixed use development. High traffic NE corner of 18th Ave NW & 55th St NW. Premium commercial availability, with high density to low density residential housing for multiple development opportunities! Incredible investment potentials, seller will consider selling in phases. Near Overland Dr NW & New Overland Elementary School, along with New Dakota Middle School. This is Rochester’s up & coming area! Adjacent to Rochester City limits. Comprehensive 'concept' plan for the area is being drafted by a leading engineering firm & available for review with qualified parties. Great opportunity to phase in commercial & residential developments to our growing city. Call for details & appointment.
Directions: Intersection of 55th St NW & 18th Ave NW; entire corner, 117 acres.

Development Status

Raw Land: Yes

Insurance Fee

Insurance Fee: 0

Lock Box Type

None: Yes

Restriction/Covenants

None: Yes

Topography

Rolling: Yes

Available Utilities

None Connected: Yes

Improvements

None: Yes

Land Inclusions

None: Yes