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.
Active
$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
- 850 days |
- 29 |
- 0 |
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#: 6492213
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
| Date | Event | Price |
|---|---|---|
| 2/26/2025 | Price change | $1,900,000-20.8% |
Source: | ||
| 6/10/2024 | Price change | $2,400,000-17.2% |
Source: | ||
| 3/1/2024 | Listed for sale | $2,900,000 |
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: 55920
Nearby schools
GreatSchools rating
- 9/10Byron Elementary SchoolGrades: 3-5Distance: 0.5 mi
- 7/10Byron Middle SchoolGrades: 6-8Distance: 1.8 mi
- 8/10Byron Senior High SchoolGrades: 9-12Distance: 2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Olmsted County
- Byron
- 55920
- 4th St NE




