tbd 31st Avenue NW, Oronoco, MN 55960

$3,846,010

Virtual Tour

https://wellcomemat.com/embed/574i593b630d1mlf4?mls=1

Property Type: Land Lot Size (sq. ft.): 3,564,515 Status: Pending

Current Price: $3,846,010 List Date: 5/31/2026 Last Modified: 9/19/2026

Overview

Description

TBD 31st Avenue NW offers a versatile agricultural investment with exceptional long-term commercial and industrial development potential along the high-traffic Hwy 52 corridor in Oronoco Township, Olmsted County, Minnesota. This 81.83-acre parcel (74.10 tillable acres) delivers immediate cash-flow from productive farmland while positioned in one of Southeast Minnesota’s strongest growth corridors, minutes from Rochester and the Mayo Clinic’s multi-billion-dollar expansion. Currently leased to a long-term tenant of 35 years at $250 per tillable acre, the property generates approximately $18,525 in reliable annual income. It features predominantly well-drained and moderately well-drained soils with a strong weighted average CPI of 88.0 (including high-productivity Ostrander, Kenyon, and Terril series). A comprehensive professional Prime 81.83-acre development parcel strategically located in Oronoco Township, Olmsted County, Minnesota, just off Highway 52 near the 75th Street NW exit. ... (Read more) TBD 31st Avenue NW offers a versatile agricultural investment with exceptional long-term commercial and industrial development potential along the high-traffic Hwy 52 corridor in Oronoco Township, Olmsted County, Minnesota. This 81.83-acre parcel (74.10 tillable acres) delivers immediate cash-flow from productive farmland while positioned in one of Southeast Minnesota’s strongest growth corridors, minutes from Rochester and the Mayo Clinic’s multi-billion-dollar expansion. Currently leased to a long-term tenant of 35 years at $250 per tillable acre, the property generates approximately $18,525 in reliable annual income. It features predominantly well-drained and moderately well-drained soils with a strong weighted average CPI of 88.0 (including high-productivity Ostrander, Kenyon, and Terril series). A comprehensive professional Prime 81.83-acre development parcel strategically located in Oronoco Township, Olmsted County, Minnesota, just off Highway 52 near the 75th Street NW exit. This income-producing property offers immediate cash flow from agriculture plus exceptional long-term upside for commercial or industrial rezoning in one of the fastest-growing corridors in Southeast Minnesota. Positioned minutes from Rochester and directly in the path of Mayo Clinic's multi-billion-dollar Bold.Forward.Unbound. expansion, this is a high-visibility investor and corporate site selection opportunity along the Hwy 52 commercial corridor. The property sits near existing and planned commercial developments including Oronoco Crossings, making it ideal for buyers seeking land with strong rezoning potential for industrial, logistics, business park, or support-service uses. This is true working farmland with development potential - continue generating reliable income while pursuing entitlements. Strategic Location & Development Potential Direct access and high visibility along the Hwy 52 corridor near 75th Street NW Located in the active Oronoco / northern Rochester growth corridor Strong potential to pursue rezoning to commercial or industrial zoning. Three Phase electric at the road. Proximity to Oronoco Crossings mixed-use commercial development and other emerging business parks Excellent highway access for logistics, distribution, or corporate users Benefits from Mayo Clinic's $5+ billion campus expansion and Destination Medical Center (DMC) driven economic growth rippling into surrounding communities This parcel is perfectly positioned for corporate site selectors, developers, and investors looking for shovel-ready or near shovel-ready land in a proven growth market. The combination of current agricultural income, prime highway location, and powerful regional tailwinds makes this one of the most compelling land opportunities currently available in the Rochester metro area. Why This Property Stands Out for Investors & Corporations Immediate cash-flowing asset with significant appreciation and development upside Low management agricultural lease provides bridge income during rezoning/entitlement process Limited supply of well-located parcels with Hwy 52 access in the Oronoco/Rochester market Due diligence information available (soils, drainage, wetland, and mapping report) Ideal for industrial users, logistics companies, medical support services, or mixed-use developers. Olmsted County / Oronoco Township - buyers should verify rezoning potential with local planning authorities. The fundamentals strongly support commercial or industrial conversion given the location and regional demand.

Listing Details MLS# 7083677

General Property Information

Comp Sale YN: No
Development: No
Drainage: Natural Type
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Waterfront YN: No
Yearly/Seasonal: Yearly
Zoning: Agriculture
Lot Dimensions: 1668x2333
Acres: 81.83
Assessment Pending: No

Property Features

Available Utilities: Broadband Available; Cable Available; Electricity Available; None Connected; Phone Available Crop Type: Beans; Corn Development Status: Raw Land Fencing: Chain Link; Wire Improvements: Fence Internet Options: Cable; DSL; Fiber Optic; Satellite Land Inclusions: None Lock Box Type: None Property SubType: Acreage; Agricultural Land Road Responsibility: Public Maintained Road Sale Options: Sell Entirely; Will Divide Sellers Terms: Cash; Conventional Topography: Gently Rolling; Level

Contract Information

Off Market Date: 2026-09-18
Contingency: None
Original List Price: 3846010
ListPrice: 3846010
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: tbd
Street Name: 31st
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Oronoco
County: Olmsted
State: MN
Zip Code: 55960

Acreage Information

Taxable Acres: 81
Tillable Acres: 74.1
Wooded Acres: 3

Assessments

Tax With Assessments: 5492

More Information

Builder Information

Builder Restrictions: Open

Dimension Information

Lot Size Min: 40

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 33
Township#: 108

Documents

Location, zoning, comprehensive plans.pd ›

terrain report land.pdf ›

disclosures.pdf ›

DevelopmentVision.pdf ›

traffic counts MN DOT.pdf ›

NW develop.pdf ›

Listing Office: Midwest Home and Farm Realty

Last Updated: September - 19 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

tbd 31st Avenue NW, Oronoco, MN 55960 (MLS# 7083677)