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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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Tbd 4th Street Northeast, Byron, MN 55920
$1,900,000
LOT SIZE 22.830 acres
MLS# 6492213
STATUS: Active
PROPERTY TYPE: Land - Residential
SUBDIVISION: Byron Towne Square
SCHOOL: Byron
Property Description
Unlock the potential of 22.81 acres of prime residential land in the heart of Byron, Minnesota, now offering a compelling mixed-density development opportunity. Positioned between established single-family and multi-family neighborhoods, this property is uniquely suited for a thoughtful, market-driven residential project.The site features dual zoning, with approximately 14.45 acres zoned R-2 and 8.36 acres recently rezoned to R-3, allowing for a higher-density residential development. This flexible zoning creates an excellent opportunity for a blended community that can incorporate a mix of housing types to meet Byron's growing demand.Byron continues to experience strong residential demand due to its proximity to Rochester and the long-term economic impact of the Mayo Clinic's Bold Forward Unbound initiative. This is a rare opportunity to develop a well-located, scalable residential project in a community actively seeking new housing options.HIGHLIGHTS - Flexible Residential Zoning: Approximately 14.45 acres zoned R-2 with an additional 8.36 acres rezoned to R-3, allowing for a blended development with both moderate- and higher-density housing options. - Mixed-Density Development Opportunity: The combination of R-2 and R-3 zoning supports a thoughtful mix of housing types, aligning well with Byron's growing need for diverse residential products. - Strong Housing Demand: Byron continues to experience increasing demand for housing, driven by steady population growth and limited available inventory. - Prime Infill Location: 22.81 acres situated between established single-family and multi-family neighborhoods, with access to existing utilities and infrastructure. - Proximity to Rochester & Mayo Clinic: Conveniently located near Rochester and the long-term economic growth tied to the Mayo Clinic's Bold Forward Unbound initiative. - Development-Ready Site: A largely undeveloped parcel offering a blank canvas for developers to design a project that complements and supports Byron's continued growth.
Property Features
Property Type: Land - Residential Lot Size: 22.83 Acres Taxes: $6,792
Feature Descriptions
Days on Site: 778
Development Status: Raw Land
Land Inclusions: Survey
Lot: Corner Lot, Infill Lot
Lot Dimensions: 1245 x 1000
Topography: Level
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Available, Water Available, Water Connected
Listed By / Shown By
Agency Name: Realty Growth Inc.
Agency Phone: 507-289-8000
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Estimated Payment
$ 11,232.76 per month
$10,112.60 Principal & Interest
$566.00 Property Tax
$554.17 Homeowner's Insurance
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Tbd 4th Street Northeast | MLS# 6492213
This land located at Tbd 4th Street Northeast, Byron, MN 55920 is currently listed for sale with an asking price of $1,900,000. The property has approximately 22.83 Acres. Tbd 4th Street Northeast is located within the Byron school district. Search Byron real estate on nanderson.counselorrealty.com today.