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.
Listed By
Agency Name: Counselor Realty
Agency Phone: 952-921-0911
Shown By
Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451
Estimated Payment
$ 1,817.41 per month $1,279.70 Principal & Interest $370.00 Property Tax $167.71 Homeowner's Insurance
8054 Spring Lake Road Ne | MLS# 7068759
This land located at 8054 Spring Lake Road Ne, Spring Lake Park, MN 55432 is currently listed for sale with an asking price of $575,000. The property has approximately 1.66 Acres. Spring Lake Road Ne is located within the Mounds View school district. Search Spring Lake Park real estate on www.leblancrealty.com today.