St NW then south on CSAH 44 onto Highway 14, bypassing the City of Rochester. Please see the links below and PDFs showing the plan for the Intersection change from Highway 14 to the new CSAH 44 (old 60th Ave NW). When the intersection project is complete you will have a ½ mile of road frontage on CSAH 44, 19th St NW intersection, 14th St NW intersection and 15th St NW intersection. The bypass of the City will yield you access to both sides of CSAH 44. As they always say location, location, location is key to real estate. The location of the new road will be a huge benefit for the future development potential of this property, with tons of road frontage and multiple intersections. According to MNDOT the current traffic count on Hwy 14 is over 30,000 and on CSAH 44 it is 3,000 and those numbers will only increase when this road project is completed. 19th St NW brings you right into West Circle Drive which is a booming area for new business growth. Leashes & Leads is located directly south of this property, Rochester Westside Energy Station is directly East of this property, as well as current other commercial business to the East and Southeast of this property. There is natural gas running along the south side of this property and City water nearby. The West side of Rochester continues to be a great area for development and future expansion of Rochester. When speaking with Olmsted County they say funding for purchasing the area for the new road could happen as early as fall of 2023 and construction could happen as soon as 2024 for the roadway.

The property currently has about 47.5 acres of high-quality tillable acres with an average CPI rating of 92.6. This would be a great option for anyone looking to do a 1031 exchange or diversify their investment portfolio with a property with tons of upside potential.

Property lines on photos are approximate.

See the links and PDFs below for plans for the road project:

Olmsted County official map- see page 4 for the map of Subject property: https://www.olmstedcounty.gov/sites/default/files/2022-12/OCOM16%20Combined.pdf

Olmsted County Open House Materials for CSAH 44 & TH 14 Dec 2022: https://www.olmstedcounty.gov/sites/default/files/2022-12/Olmsted%20CR44_Hwy14_OH2%20Boards.pdf

Link to MNDOT CSAH 44 & TH 14 Intersection & Rochester Bypass project: https://www.olmstedcounty.gov/post/csah-44-formerly-cr-104-and-th-14-intersection

Details:

Deeded Acres: 65 +/-

Soil Types: Radford silt loam, Port Byron silt loam, Garwin silty clay loam

Soil PI/NCCPI/CSR2: 92.6m CPI

Taxes: TBD

Lease Status: Open Tenancy for the 2023 crop year

Possession: Immediate Possession

Survey Needed: The survey will be completed prior to closing

Brief Legal: E 1/2 SE 1/4 S25 T107N R15W Olmsted, MN

PIDS: Part of Parcel ID 752543086804

Lat/Lon: 44.037, -92.5606

Zip Code: 55920

Property Features:

- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

- Onsite bidders should bring a government-issued ID

- 10% down payment immediately after auction - cash, personal, or business checks accepted

- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

- High bidder has 30 days to close unless otherwise noted

- Announcements on auction day will take precedence over any prior announcements

- This is a no contingency sale and is not subject to financing or additional inspections

- Possession at closing, subject to tenant’s rights, if any

- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

- 2% Buyers Premium

- Part of CSAH 44 & Highway 14 City Bypass

- Great potential for future commercial or residential development

- ½ mile of frontage on CSAH 44

- Multiple future intersection on the property – including 19th St NW, 14th St NW and 15th St NW

- Less than 1 mile from Rochester City limits

- Buildable

- 47.5 +/- Tillable acres with 92.6 CPI Average

- Across from Leashes & Leads

- Across from Rochester Westside Energy Station

- Natural Gas line on south end of the property

- Access to Fiber Optic