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7th St NE - Byron Residential Development Land 22.83 Acres of Residential Land Offered at $1,900,000 in Byron, MN 55920
Investment Highlights
- Flexible Residential Zoning: Approximately 14.45 acres zoned R-2 with an additional 8.36 acres rezoned to R-3
- Strong Housing Demand: Byron continues to experience increasing demand for housing, driven by steady population growth and limited available inventory
- Proximity to Rochester & Mayo Clinic: Conveniently located near Rochester
- Mixed-Density Development Opportunity: The combination of R-2 and R-3 zoning supports a thoughtful mix of housing types
- Prime Infill Location: 22.81 acres situated between established single-family and multi-family neighborhoods
- Development-Ready Site: A largely undeveloped parcel offering a blank canvas for developers to design a project that complements and supports Byron
Executive Summary
Unlock the potential of 22.81 acres of prime residential land in the heart of Byron, Minnesota, now offering a compelling mixed-density development opportunity. Positioned between established single-family and multi-family neighborhoods, this property is uniquely suited for a thoughtful, market-driven residential project.
The site features dual zoning, with approximately 14.45 acres zoned R-2 and 8.36 acres recently rezoned to R-3, allowing for a higher-density residential development. This flexible zoning creates an excellent opportunity for a blended community that can incorporate a mix of housing types to meet Byron’s growing demand.
Byron continues to experience strong residential demand due to its proximity to Rochester and the long-term economic impact of the Mayo Clinic's Bold Forward Unbound initiative. This is a rare opportunity to develop a well-located, scalable residential project in a community actively seeking new housing options.
The site features dual zoning, with approximately 14.45 acres zoned R-2 and 8.36 acres recently rezoned to R-3, allowing for a higher-density residential development. This flexible zoning creates an excellent opportunity for a blended community that can incorporate a mix of housing types to meet Byron’s growing demand.
Byron continues to experience strong residential demand due to its proximity to Rochester and the long-term economic impact of the Mayo Clinic's Bold Forward Unbound initiative. This is a rare opportunity to develop a well-located, scalable residential project in a community actively seeking new housing options.
Property Facts
| Price | $1,900,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 22.83 AC |
| Property Type | Land | ||
| Zoning | R-2 - Residential (R-2 and R-3) | ||
| Price | $1,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 22.83 AC |
| Zoning | R-2 - Residential (R-2 and R-3) |
1 Lot Available
Lot
| Price | $1,900,000 | Lot Size | 22.83 AC |
| Price Per AC | $83,223.83 |
| Price | $1,900,000 |
| Price Per AC | $83,223.83 |
| Lot Size | 22.83 AC |
Residential (R-2 and R-3)
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 75.33.11.082840 | Improvements Assessment | $0 |
| Land Assessment | $342,200 | Total Assessment | $342,200 |
Property Taxes
Parcel Number
75.33.11.082840
Land Assessment
$342,200
Improvements Assessment
$0
Total Assessment
$342,200
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7th St NE - Byron Residential Development Land
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