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Listed price in listed location currency (USD).
$575,000

000

MLS® 7068759

Overview

Key Facts

Type Business
Levels Land
Size -
Garage 
Taxes $4,440
Days Active 50
Lot Size 1.661 Acres
Approx. Age 1937
MLS® Number 7068759

Property Address: 8054 Spring Lake Rd Ne, Spring Lake Park, MN, 55432-2255

Average square foot calculated using Size range provided by listing agent.

Description

Prime 1.7-acre corner site on Hwy 10 with excellent visibility and high traffic counts. Currently zoned C2 with limited commercial uses. Comprehensive Plan guides the property for medium=density residential (up to 10 units per acre). City has indicated receptiveness to R-3 rezoning, make this an ideal opportunity for townhome, multifamily, or senior housing development. Strong nearby housing demand supports the area, with neighboring properties reporting extended waitlists for 2 bed units and rates around $1700/month. Senior housing benefits from reduced parking requirements, allowing for more efficient layout. Hwy 10 corridor improvements and potential lane/access modifications may impact future access. Existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market and development requirements.
MLS® Number7068759
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1937
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

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