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Investment Highlights

  • Premier NW Rochester Location with R-3 Zoning
  • High-Growth Residential Corridor
  • Proven Rochester Housing Demand
  • Minutes from Mayo Clinic Campuses
  • Exceptional Access & Connectivity
  • Fully Entitled Multifamily Development

Executive Summary

Rare opportunity to acquire a fully entitled ±4.76-acre multifamily development site in one of Rochester’s fastest-growing residential corridors. The property is approved for a 199-unit, institutional-quality apartment development featuring structured parking, modern amenities, recreation areas, EV charging infrastructure, and a diversified unit mix.
Located just minutes from Mayo Clinic campuses, major retail destinations, and West Circle Drive NW, the site offers immediate access to Rochester’s strongest employment and growth drivers. The project is positioned within a rapidly expanding residential and commercial corridor surrounded by Hy-Vee, Costco, Target, Walmart, and Mayo Clinic employment centers. Rochester continues to experience long-term housing demand fueled by Mayo Clinic’s multi-billion-dollar expansion and sustained population growth. Entitlement work, site planning, architectural concepts, and due diligence materials are available to qualified buyers.

Data Room Click Here to Access

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Hold For Development
  • Hold For Investment
Total Lot Size 4.76 AC
Cross Streets Kenosha Dr NW
Zoning R-3 District - Intended to maintain and promote predominantly multifamily residential dwellings.

1 Lot Available

Lot

Lot Size 4.76 AC
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40530103

  • Date on Market: 5/14/2026

  • Last Updated:

  • Address: 3450 Kenosha Dr NW, Rochester, MN 55901

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