280 Penny Lane NE Rochester, MN ^$ 950,000

280 Penny Lane NE

^$ 950,000

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280 Penny Lane NE

Rochester, MN, 55906

^$ 950,000

Studio Baths0.0

Monthly Estimate*

^$ 6,636

280 Penny Lane NE, Rochester, MN 55906 - Image 1

280 Penny Lane NE, Rochester, MN 55906 - Image 2

280 Penny Lane NE, Rochester, MN 55906 - Image 3

280 Penny Lane NE, Rochester, MN 55906 - Image 4

280 Penny Lane NE, Rochester, MN 55906 - Image 5

Studio

Lots and Land for sale in Rochester, MN

for $950,000. The lot size is 3.03.

This 3+ acre lot is located in a prime location, with established retail and housing nearby. The land is situated near 37th St NW, which sees 23,300 cars daily. The utilities to the site are already paid for, and the parking lot is complete. This land is ideal for commercial or mixed-use development, with proximity to existing retail and residential areas.

Lots and Land Active

Price

^$ 950,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 18,104

Style

Lot Size

3.03

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

6476638

Features

General

Utilities None Connected Electricity Available Natural Gas Available Water Available

Development Status Other

HOA 0

Topography Level

Tax Year 2023

County Olmsted

Property Type Land

HOA / Comm Assn N

Contingency None

Subdivision Name Orcas First

Directions Heading East on 37th St NE turn right on East River Road NE. Turn right on Penny Lane NE. You will find this property of the left.

High School Century

City Rochester

Buyer Agent Compensation 2.00

High School District Rochester

Zoning Description Business/Commercial

Street Name Penny

Elementary School Churchill-Hoover

Land Lease Y/N N

Tax Annual Amount 18104

Middle/Junior High School Kellogg

Additional Parcels Y/N N

Days on Market 8

Standard Status Active

Restrictions None

Lender Owned Not disclosed

Buyer Agent Compensation Type %

Exterior

Inclusions None

Lot Size Area 3.03

Lot Dimensions 399x429

Wooded Area 0

Lot Size Units Acres

Cultivated Area 0

Pasture Area 0

Interior

Street Suffix Lane

Internal Only

Street Number 1 280

* Excluded Features

List By

Realty Growth Inc.

Broker

matt@rgi-group.com

Affordability Calculator

$8,145

Per Month

Monthly Principal & Interest: $6,636
Monthly Property Taxes: $1,509
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Rochester, MN

Average List Price ^$350,102

Percent of Sale Price 63%

About Rochester, MN

116,656 Population

27% Since 2002

^$66,956 Median Income

38.05 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3065270 Elementary School

3065233 Middle School

Century High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/11/2024	$950,000		Listed Price

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280 Penny Lane NE, Rochester, MN, 55906 is a Lots and Land for sale at $950,000 with a lot size of 3.03. 280 Penny Lane NE is a studio with 0.0 baths. The property's zip code is 55906 which is in Rochester, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/3/2024.

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280 Penny Lane NE

Lots and Land for sale in Rochester, MN

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