For Sale: Byron MLS# 6492213
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Property 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 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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,900,000
Property Type:
Lot/Land
City:
Byron
County:
Olmsted
State:
MN
Property Style:
Lot/Land
Zip Code:
55920
Subdivision Name:
Byron Towne Square
Exterior
Road Responsibility:
Public Maintained Road
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Storm Sewer
- Street Lights
Lot & Land
Acres:
22.83
Geolocation:
44.0347478762, -92.6192282152
Inclusions:
Survey
Lot Dimensions:
1245 x 1000
Restrictions:
Open
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Corner Lot
- Infill Lot
Farm
Topography:
Level
Schools
School District:
1922
District Phone:
5077752383
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,792
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,176
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
None
Available Utilities:
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Sewer Available
- Sewer Connected
- Storm Sewer Available
- Water Available
- Water Connected
Power Company Name:
People’s Energy Cooperative
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.