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: August 11, 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.
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Broker Details

Jeff Brown
Jeff Brown

North Rock Real Estate 507-516-7131

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Lot Size: 30.00 Acres
Opportunity Zone: No
Property Website Click Here
Address: 50th Avenue NW and Valleyhigh Dr, Rochester, MN 55901, USA
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