NW Rochester Entitled Multifamily Development Site
Land | 4.76 acres
Marketing description
Rare opportunity to acquire a fully entitled ±4.76-acre multifamily development site in one of Rochester's fastest-growing residential corridors. The property is approved for a 199-unit, institutional-quality apartment development featuring structured parking, modern amenities, recreation areas, EV charging infrastructure, and a diversified unit mix.
Located just minutes from Mayo Clinic campuses, major retail destinations, and West Circle Drive NW, the site offers immediate access to Rochester's strongest employment and growth drivers. The project is positioned within a rapidly expanding residential and commercial corridor surrounded by Hy-Vee, Costco, Target, Walmart, and Mayo Clinic employment centers. Rochester continues to experience long-term housing demand fueled by Mayo Clinic's multi-billion-dollar expansion and sustained population growth. Entitlement work, site planning, architectural concepts, and due diligence materials are available to qualified buyers.
This development site is a premier ±4.76-acre development opportunity situated at the high-visibility intersection of Valleyhigh Road NW and Superior Drive NW. Located in Rochester's fastest-growing residential corridor, the site offers unparalleled connectivity just 0.4 miles from West Circle Drive and minutes from the Mayo Clinic St. Mary's Campus. Positioned near major retailers like Costco, Target, and Hy-Vee, this location is perfectly poised to meet the sustained housing demand fueled by Rochester's $5 billion Destination Medical Center expansion.
Investment highlights
- Shovel-Ready Potential: The site is fully entitled for a 199-unit multifamily project, with architectural concepts, site planning, and due diligence materials, enabling an accelerated development timeline
- Strategic Transit Hub: Located just off the West Circle Drive NW artery (17,664 VPD), providing seamless connectivity to the Mayo Clinic downtown medical core and the broader regional trade area
- Retail Synergy: Directly adjacent to Rochester's premier retail destinations, including Costco, Target, Hy-Vee, and Aldi, ensuring high tenant appeal and long-term asset value
- Market Demand: Positioned to capture the sustained housing demand generated by Rochester's $5 Billion Destination Medical Center (DMC) expansion and projected growth of over 6,000 new jobs
- Primary Structure Height: Up to 48 feet
- Density: Fully entitled for a 199-unit institutional-quality project
- Land Efficiency: Optimized for 4.76 acres with structured and surface parking
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