50th Avenue NW and Valleyhigh Dr

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Address: 50th Ave NW & Valleyhigh Rd NW, Rochester, MN 55901, USA

Chicago & Midwest + Land/Development

Created date: August 22, 2024

Date last updated: October 7, 2026

Zoned R-3 for maximum density multi-family
Approved Environmental Assessment Worksheet
Strong rental market and growth outlook
Directly adjacent to amenities and transportion
Limited supply of comparable utility connected and entitled land in market

Property Description

Prairie Ridge is an 80 acre master development with a thoughtful mix of for sale single family, for sale townehomes, build-to-rent townehomes and apartment/multifamily totaling ~1,000 housing units entitled and ready for development. Located in the heart of Rochesters growth path, this property at 50th Avenue NW and Valleyhigh Dr, Rochester, MN, 55901 offers an exciting opportunity for multifamily land investment. Zoned R-3 and with an approved EAW, the property offers development ready opportunity for multiple multifamily projects across various asset classes. Approved concept plans include 4 story multifamily, build-to-rent Townehomes and flexiblity to adjust to a developers choice product totaling 900+ units throughout the Prairie Ridge Development. Initial mass grading is on schedule to commence Fall 2024 with a for sale project breaking ground on veritical construction early summer 2025.