Estimated payment $10,639/month
Highlights
- Corner Lot
- Byron Intermediate School Rated A-
- No HOA
About This Lot
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 Details
Property Type
- Land
Est. Annual Taxes
- $6,792
Lot Details
- Lot Dimensions are 1245 x 1000
- Infill Lot
- Corner Lot
- Zoning described as Residential-Multi-Family,Residential-Single Family
Community Details
- No Home Owners Association
- Byron Towne Square Subdivision
Listing and Financial Details
- Assessor Parcel Number 753311082840
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/26/2025 02/26/25 | Price Changed | $1,900,000 | -20.8% | -- |
| 06/10/2024 06/10/24 | Price Changed | $2,400,000 | -17.2% | -- |
| 03/01/2024 03/01/24 | For Sale | $2,900,000 | -- | -- |
Source: NorthstarMLS
MLS Number: 6492213
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Ask me questions while you tour the home.