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$3,846,010
Est. payment /mo
81.83 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7083677
Annual Tax Amount $5,492
Tax Year 2025
Contingent None
Lot Size 81.830 Acres
Lot Dimensions 1668x2333
Property Description
TBD 31st Avenue NW offers a versatile agricultural investment with exceptional long-term commercial and industrial development potential along the high-traffic Hwy 52 corridor in Oronoco Township, Olmsted County, Minnesota. This 81.83-acre parcel (74.10 tillable acres) delivers immediate cash-flow from productive farmland while positioned in one of Southeast Minnesota's strongest growth corridors, minutes from Rochester and the Mayo Clinic's multi-billion-dollar expansion.
Currently leased to a long-term tenant of 35 years at $250 per tillable acre, the property generates approximately $18,525 in reliable annual income. It features predominantly well-drained and moderately well-drained soils with a strong weighted average CPI of 88.0 (including high-productivity Ostrander, Kenyon, and Terril series). A comprehensive professional Prime 81.83-acre development parcel strategically located in Oronoco Township, Olmsted County, Minnesota, just off Highway 52 near the 75th Street NW exit. This income-producing property offers immediate cash flow from agriculture plus exceptional long-term upside for commercial or industrial rezoning in one of the fastest-growing corridors in Southeast Minnesota.
Positioned minutes from Rochester and directly in the path of Mayo Clinic's multi-billion-dollar Bold.Forward.Unbound. expansion, this is a high-visibility investor and corporate site selection opportunity along the Hwy 52 commercial corridor. The property sits near existing and planned commercial developments including Oronoco Crossings, making it ideal for buyers seeking land with strong rezoning potential for industrial, logistics, business park, or support-service uses.
This is true working farmland with development potential - continue generating reliable income while pursuing entitlements.
Strategic Location & Development Potential
Direct access and high visibility along the Hwy 52 corridor near 75th Street NW
Located in the active Oronoco / northern Rochester growth corridor
Strong potential to pursue rezoning to commercial or industrial zoning. Three Phase electric at the road.
Proximity to Oronoco Crossings mixed-use commercial development and other emerging business parks
Excellent highway access for logistics, distribution, or corporate users
Benefits from Mayo Clinic's $5+ billion campus expansion and Destination Medical Center (DMC) driven economic growth rippling into surrounding communities
This parcel is perfectly positioned for corporate site selectors, developers, and investors looking for shovel-ready or near shovel-ready land in a proven growth market. The combination of current agricultural income, prime highway location, and powerful regional tailwinds makes this one of the most compelling land opportunities currently available in the Rochester metro area.
Why This Property Stands Out for Investors & Corporations
Immediate cash-flowing asset with significant appreciation and development upside
Low management agricultural lease provides bridge income during rezoning/entitlement process
Limited supply of well-located parcels with Hwy 52 access in the Oronoco/Rochester market
Due diligence information available (soils, drainage, wetland, and mapping report)
Ideal for industrial users, logistics companies, medical support services, or mixed-use developers.
Olmsted County / Oronoco Township - buyers should verify rezoning potential with local planning authorities. The fundamentals strongly support commercial or industrial conversion given the location and regional demand.
Currently leased to a long-term tenant of 35 years at $250 per tillable acre, the property generates approximately $18,525 in reliable annual income. It features predominantly well-drained and moderately well-drained soils with a strong weighted average CPI of 88.0 (including high-productivity Ostrander, Kenyon, and Terril series). A comprehensive professional Prime 81.83-acre development parcel strategically located in Oronoco Township, Olmsted County, Minnesota, just off Highway 52 near the 75th Street NW exit. This income-producing property offers immediate cash flow from agriculture plus exceptional long-term upside for commercial or industrial rezoning in one of the fastest-growing corridors in Southeast Minnesota.
Positioned minutes from Rochester and directly in the path of Mayo Clinic's multi-billion-dollar Bold.Forward.Unbound. expansion, this is a high-visibility investor and corporate site selection opportunity along the Hwy 52 commercial corridor. The property sits near existing and planned commercial developments including Oronoco Crossings, making it ideal for buyers seeking land with strong rezoning potential for industrial, logistics, business park, or support-service uses.
This is true working farmland with development potential - continue generating reliable income while pursuing entitlements.
Strategic Location & Development Potential
Direct access and high visibility along the Hwy 52 corridor near 75th Street NW
Located in the active Oronoco / northern Rochester growth corridor
Strong potential to pursue rezoning to commercial or industrial zoning. Three Phase electric at the road.
Proximity to Oronoco Crossings mixed-use commercial development and other emerging business parks
Excellent highway access for logistics, distribution, or corporate users
Benefits from Mayo Clinic's $5+ billion campus expansion and Destination Medical Center (DMC) driven economic growth rippling into surrounding communities
This parcel is perfectly positioned for corporate site selectors, developers, and investors looking for shovel-ready or near shovel-ready land in a proven growth market. The combination of current agricultural income, prime highway location, and powerful regional tailwinds makes this one of the most compelling land opportunities currently available in the Rochester metro area.
Why This Property Stands Out for Investors & Corporations
Immediate cash-flowing asset with significant appreciation and development upside
Low management agricultural lease provides bridge income during rezoning/entitlement process
Limited supply of well-located parcels with Hwy 52 access in the Oronoco/Rochester market
Due diligence information available (soils, drainage, wetland, and mapping report)
Ideal for industrial users, logistics companies, medical support services, or mixed-use developers.
Olmsted County / Oronoco Township - buyers should verify rezoning potential with local planning authorities. The fundamentals strongly support commercial or industrial conversion given the location and regional demand.
Location
State MN
County Olmsted
Zoning Agriculture
Interior
Inclusions None
Fireplace No
Exterior
Fence Chain Link, Wire
Utilities Available Broadband Available, Cable Available, Electricity Available, None Connected, Phone Available
Schools
Elementary Schools Elton Hills
Middle Schools John Adams
High Schools Century
School District Rochester
Others
Restrictions Open
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Listed by Jennifer Busch • Midwest Home and Farm Realty