AUCTION ALREADY COMPLETED!

65 Acres / Olmsted County, Minnesota Auction

Real Estate

Location: 2350 Commerce Dr NW, Rochester, MN

11 a.m. Monday, February 13th, 2023
One-of-a-kind opportunity to own and develop land one mile from Rochester City limits that will be part of Rochester Bypass.
CLICK HERE to bid now online

Click on thumbnails to see larger photos and descriptions

Live Auction with Online Bidding Available.

Auction Location: Staybridge Suites, 2350 Commerce Dr NW, Rochester, MN 55901

One-of-a-kind opportunity to own and develop land one mile from Rochester City limits that will be part of Rochester Bypass. The City of Rochester, Olmsted County and the State of MN have this property slated to be an integral part of the Rochester Highway bypass coming from Hwy 52 and heading West on 75th St NW then south on CSAH 44 onto Highway 14, bypassing the City of Rochester. Please see the links below and PDFs showing the plan for the Intersection change from Highway 14 to the new CSAH 44 (old 60th Ave NW). When the intersection project is complete you will have a ½ mile of road frontage on CSAH 44, 19th St NW intersection, 14th St NW intersection and 15th St NW intersection. The bypass of the City will yield you access to both sides of CSAH 44. As they always say location, location, location is key to real estate. The location of the new road will be a huge benefit for the future development potential of this property, with tons of road frontage and multiple intersections. According to MNDOT the current traffic count on Hwy 14 is over 30,000 and on CSAH 44 it is 3,000 and those numbers will only increase when this road project is completed. 19th St NW brings you right into West Circle Drive which is a booming area for new business growth. Leashes & Leads is located directly south of this property, Rochester Westside Energy Station is directly East of this property, as well as current other commercial business to the East and Southeast of this property. There is natural gas running along the south side of this property and City water nearby. The West side of Rochester continues to be a great area for development and future expansion of Rochester. When speaking with Olmsted County they say funding for purchasing the area for the new road could happen as early as fall of 2023 and construction could happen as soon as 2024 for the roadway.

The property currently has about 47.5 acres of high-quality tillable acres with an average CPI rating of 92.6. This would be a great option for anyone looking to do a 1031 exchange or diversify their investment portfolio with a property with tons of upside potential.

Property lines on photos are approximate.

See the links and PDFs below for plans for the road project:

Olmsted County official map- see page 4 for the map of Subject property:
https://www.olmstedcounty.gov/sites/default/files/2022-12/OCOM16%20Combined.pdf

Olmsted County Open House Materials for CSAH 44 & TH 14 Dec 2022:
https://www.olmstedcounty.gov/sites/default/files/2022-12/Olmsted%20CR44_Hwy14_OH2%20Boards.pdf

Link to MNDOT CSAH 44 & TH 14 Intersection & Rochester Bypass project:
https://www.olmstedcounty.gov/post/csah-44-formerly-cr-104-and-th-14-intersection

Details:

Deeded Acres: 65 +/-

Soil Types: Radford silt loam, Port Byron silt loam, Garwin silty clay loam

Soil PI/NCCPI/CSR2: 92.6m CPI

Taxes: TBD

Lease Status: Open Tenancy for the 2023 crop year

Possession: Immediate Possession

Survey Needed: The survey will be completed prior to closing

Brief Legal: E 1/2 SE 1/4 S25 T107N R15W Olmsted, MN

PIDS: Part of Parcel ID 752543086804

Lat/Lon: 44.037, -92.5606

Zip Code: 55920

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

Onsite bidders should bring a government-issued ID

10% down payment immediately after auction - cash, personal, or business checks accepted

If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

High bidder has 30 days to close unless otherwise noted

Announcements on auction day will take precedence over any prior announcements

This is a no contingency sale and is not subject to financing or additional inspections

Possession at closing, subject to tenant’s rights, if any

If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

2% Buyers Premium

Part of CSAH 44 & Highway 14 City Bypass

Great potential for future commercial or residential development

½ mile of frontage on CSAH 44

Multiple future intersection on the property – including 19th St NW, 14th St NW and 15th St NW

Less than 1 mile from Rochester City limits

Buildable

47.5 +/- Tillable acres with 92.6 CPI Average

Across from Leashes & Leads

Across from Rochester Westside Energy Station

Natural Gas line on south end of the property

Access to Fiber Optic

 

65 Acres / Olmsted County, Minnesota Auction

Also Visit: Auctioneer's Website
Questions about this auction? Phone 217.922.0811 or email our office at info@ranchandfarmauctions.com.

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