112+/- Acres Olmsted County, MN
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112 Acres +/-
$2,799,000
Minnesota
Olmsted
#MN111622
Description
Attention developers and investors!! Located in Olmsted County on the Northeast edge of Rochester, MN, this prime 112+/- acre parcel is the definition of “Location, Location, Location”. This farm has slight contours and an abundance of mature trees and is surrounded by hard surface roads on two sides. There are many lot choices for prospective home buyers endless development layout opportunities. With DMC here in Rochester, the large economic development initiative in Minnesota and one of the largest in the United States, a projected $5 billion in private investments over the next 20 years complemented by public financing/funding to provide the necessary infrastructure to support the vision, makes Rochester a prime candidate for residential growth.
This property is ripe for annexation into city limits by virtue of being contiguous to properties within city limits. In addition, in accordance with the new Universal Development Plans the city is adopting 1-1-23, the property is also eligible for R2 classification which affords it a “Medium Density” designation thereby allowing multifamily housing units as part of the process.
Contact Minnesota Land Specialist, Troy Stafford at 507-259-3047 for more details.
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Olmsted County, MN
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