TBD 4th Street Northeast, Byron, MN 55920

Overview

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 ... (Read more) 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.

General Property Information

Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Waterfront YN: No
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Lot Dimensions: 1245 x 1000
Acres: 22.83
Power Company: People’s Energy Cooperative
Assessment Pending: Unknown
Association Fee: 0

Property Features

Available Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Available; Sewer Connected; Storm Sewer Available; Water Available; Water Connected Development Status: Raw Land Improvements: None Land Inclusions: Survey Lot Description: Corner Lot; Infill Lot Property SubType: Development Road Frontage: City Street; Curbs; Paved Streets; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Topography: Level

Contract Information

Contingency: None
Original List Price: 2900000
ListPrice: 1900000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: TBD
Street Name: 4th Street Northeast
Postal City: Byron
County: Olmsted
State: MN
Zip Code: 55920
Complex/Dev/Subdivision: Byron Towne Square

Assessments

Tax With Assessments: 7176
Assessment Balance: 0

Builder Information

Builder Restrictions: Open

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 15
Section#: 33
Township#: 107

Office/Member Info

Association: SEMR
MLSID: RMLS

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: SECT-33 TWP-107 RANGE-015 BYRON TOWNE SQUARE LOT-002 BLOCK-004LESS TH PT PLATTED BYRON TOWNE SQUARE 4TH STREET NE
Listing City: Byron
Map Page: 999
Municipality: Byron
Rental License?: No
School District: Byron
School District Phone: 507-775-2383
Zip Plus 4: 4970
Property ID Number: 753311082840
Tax Year: 2025
Tax Amount: 6792
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Situated between 7th St NE and 4th St NE in Byron Minnesota

Development Status

Raw Land: Yes

Insurance Fee

Insurance Fee: 0

Lot Description

Corner Lot: Yes
Infill Lot: Yes

Restriction/Covenants

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Topography

Level: Yes

Available Utilities

Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Sewer Available: Yes
Sewer Connected: Yes
Storm Sewer Available: Yes
Water Available: Yes
Water Connected: Yes

Improvements

None: Yes

Land Inclusions

Survey: Yes

Property SubType

Development: Yes