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  • $1,900,000

    4th St NE, Byron, MN 55920

    --beds
    --baths
    22.83Acres
    Unimproved Land
    Built in ----
    22.83 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Prime infill locationLargely undeveloped parcel
    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.
    850 days
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    29
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mark Steege 507-951-1977,

    Realty Growth Inc.,

    Matt Gove 507-951-1147

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6492213MLS Logo

      Facts & features

      Interior

      Features
      • Has basement: No

      Property

      Lot
      • Size: 22.83 Acres
      • Dimensions: 1245 x 1000
      • Features: Corner Lot, Infill Lot
      • Topography: Level
      Details
      • Parcel number: 753311082840
      • Zoning description: Residential-Multi-Family,Residential-Single Family

      Utilities & green energy

      • Electric: Power Company: People’s Energy Cooperative
      • Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Available, Water Available, Water Connected

      Community & HOA

      Community
      • Features: No
      • Subdivision: Byron Towne Square
      HOA
      • Has HOA: No
      Location
      • Region: Byron

      Financial & listing details

      • Annual tax amount: $6,792
      • Date on market: 3/1/2024
      • Inclusions: Survey
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        2/26/2025Price change$1,900,000-20.8%
        Source: NorthstarMLS as distributed by MLS GRID #6492213 Report a problem
        6/10/2024Price change$2,400,000-17.2%
        Source: NorthstarMLS as distributed by MLS GRID #6492213 Report a problem
        3/1/2024Listed for sale$2,900,000
        Source: NorthstarMLS as distributed by MLS GRID #6492213 Report a problem

        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: 55920

        Getting around

        11 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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