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10th Ave NE 7.02 Acres of Commercial Land Offered at $2,750,000 in Byron, MN 55920
Investment Highlights
- Prime location in rapidly growing Byron, MN
- Strong demographics and continued area growth
- 9 Miles from Mayo Clinic's Saint Mary's Campus
- Convenient access to major transportation routes
- Excellent long-term investment and development potential
- 12 Minutes to Downtown Rochester
Executive Summary
The site features favorable development characteristics with ample acreage to accommodate flexible site planning, parking, and phased development opportunities. The property has been annexed into the City of Byron and rezoned commercial, helping streamline the path for future development. The City of Byron is known for being development-friendly and proactive in supporting responsible growth, making the approval process attractive for developers and investors. All structures (including footings) and septic systems have been demolished and hauled off-site, the well has been capped, and public utility connections are nearby/accessible, making this an exceptional opportunity for developers, investors, and owner-users seeking to capitalize on the continued expansion of the Byron and Rochester markets.
Property Facts
1 Lot Available
Lot
| Price | $2,750,000 | Lot Size | 7.02 AC |
| Price Per AC | $391,737.89 |
| Price | $2,750,000 |
| Price Per AC | $391,737.89 |
| Lot Size | 7.02 AC |
Prime commercial development opportunity in a fast-growing community. This 7.02-acre parcel located at 414 10th Ave NE offers outstanding potential for a wide range of future development opportunities including retail, office, multifamily and more.
Description
Strategically positioned with excellent visibility and accessibility, the property sits within one of Southeast Minnesota’s expanding growth corridors and benefits from Byron’s strong residential growth, proximity to Rochester, and increasing demand for commercial services and housing options.
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 75.33.12.071502 | Improvements Assessment | $275,600 |
| Land Assessment | $100,000 | Total Assessment | $375,600 |
Property Taxes
Parcel Number
75.33.12.071502
Land Assessment
$100,000
Improvements Assessment
$275,600
Total Assessment
$375,600
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10th Ave NE