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.
Active
$3,846,010
31st Ave NW, Oronoco, MN 55960
--beds
--baths
81.83Acres
Unimproved Land
Built in ----
81.83 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Productive farmland
- 36 days |
- 61 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Jen Busch 507-923-7657,
Midwest Home and Farm Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7083677
Facts & features
Interior
Features
- Has basement: No
Video & virtual tour
Property
Features
- Fencing: Chain Link,Wire
Lot
- Size: 81.83 Acres
- Dimensions: 1668 x 2333
- Topography: Gently Rolling,Level
Details
- Parcel number: 843332069282
- Zoning description: Agriculture
- Wooded area: 130680
Utilities & green energy
- Utilities for property: Broadband Available, Cable Available, Electricity Available, None Connected, Phone Available
Community & HOA
Community
- Features: No
HOA
- Has HOA: No
Location
- Region: Oronoco
Financial & listing details
- Annual tax amount: $5,492
- Date on market: 5/31/2026
- Inclusions: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Listed for sale | $3,846,010 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55960
Nearby schools
GreatSchools rating
- 6/10Overland Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 3/10Dakota Middle SchoolGrades: 6-8Distance: 2.2 mi
- 8/10Century Senior High SchoolGrades: 9-12Distance: 6 mi
Schools provided by the listing agent
- Elementary: Elton Hills
- Middle: John Adams
- High: Century
Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Olmsted County
- Oronoco
- 55960
- 31st Ave NW







