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1741 2nd St SW 1.75 Acres of Residential Land Offered at $8,500,000 in Rochester, MN 55902
Investment Highlights
- Located at main intersection in Rochester, walking distance to St Mary’s Hospital
- Located along under construction Rochester Rapid Bus Line. This line will provide direct access to all of the major Mayo facilities
- Located within the Destination Medical Center (DMC) St Mary’s District. DMC provides private/public partnership for new business.
- Zoned-MX-T node, allowing high density, by right development, with 85 foot high development and zero lot lines
- Close proximity to retail, recreational, and employment centers
Executive Summary
±1.75 acres of infill land in one of the fasting growing cities in the United States anchored by the world famous Mayo Clinic. Property is best mixed-use development site in the Rochester market based on location, amenities, and access. Mayo Clinic currently employs over 44,000 in Rochester and is under construction on $5 billion expansion. The property could support market rate, senior housing, hospitality, and ground floor related uses. Property is along the new Link Bus Rapid Transit that is under construction and will provide direct service to all major Mayo Clinic facilities.
Property Facts
1 Lot Available
Lot
| Price | $8,500,000 | Lot Size | 1.75 AC |
| Price Per AC | $4,857,142.86 |
| Price | $8,500,000 |
| Price Per AC | $4,857,142.86 |
| Lot Size | 1.75 AC |
Description
The property is well located at the NWQ of Hwy 63 and 2nd St SW providing direct access to 2 of the main traffic corridors in Rochester. Site is located at a lighted intersection of 2nd st SW & 18th Ave SW.
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
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1741 2nd St SW
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