Multi-Family Development Land For Sale
$1,300,000
2015 3rd Street Southwest, Rochester, MN 55902
0.4579 acres
Lot Area
52
Units
Details:
Highlights:
- Preliminary Approved for 52-unit multifamily development
- Zoned MXT-COR
- Suited for apartment development
- Strong long-term income potential
- 8 Blocks from Mayo Clinic's Saint Mary's Campus
- 1 Block from the future link transit station
Description:
This .46 acre multifamily development site is preliminary approved for 52 units studio and one-bedroom apartments. The site size and unit count support an efficient apartment project without overcomplicating design or execution. The preliminary approved building plans were designed within the MX-T Corridor zoning standards allowing for a favorable Type "S*" approval under the City of Rochester's Unified Development Code (UDC). This offering is well suited for investors seeking a clear, build-ready opportunity with long-term income potential.
Rochester is a steady, growing city with reliable demand for rental housing. The location at 2015 3rd Street SW sits directly along the new Link Rapid Transit line, offering simple and convenient access through key parts of the city. The corridor connects to Downtown Rochester and major employment centers, supporting daily commuting and long-term housing demand. Ongoing public investment in transportation and infrastructure continues to strengthen this part of the city. Combined with Rochester’s strong employment base and focus on practical growth, this location offers clear support for future multifamily development.
Location
Gallery
