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$ 695,000
Est. payment | /mo
1.04 Acres Lot
$ 695,000
Est. payment | /mo
1.04 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Prairie Run
MLS Listing ID 7013263
Year Built 1994
Annual Tax Amount $4,652
Tax Year 2026
Contingent None
Lot Size 1.040 Acres
Acres 1.04
Lot Dimensions 199x284x163x414
Property Description
GREAT INVESTMENT OPPORTUNITY in a PRIME LOCATION offering MULTIPLE DEVELOPMENT OPTIONS.
Potential options include; retain full parcel for investment and future development, split the home from approximately .74 acres to create a commercial lot, or subdivide to create an additional residential lot.
The property is currently a residential parcel featuring a 2,370 sq ft four-level home situated on 1.09
acres that is currently rented for $3000.00 per month.
Seller currently has an application submitted with the City proposing the following split: the existing
home on approximately .44 acres, and the north half as an approximately .74-acre commercial lot (see
attached City recommendation and concept's).
The proposed .74-acre commercial lot has potential for a 5,000 sq ft building with approximately 26
parking spaces (see attached documentation). All subdivision and development subject to City approval.
PID #101-118-000010 is included in the sale.
Potential options include; retain full parcel for investment and future development, split the home from approximately .74 acres to create a commercial lot, or subdivide to create an additional residential lot.
The property is currently a residential parcel featuring a 2,370 sq ft four-level home situated on 1.09
acres that is currently rented for $3000.00 per month.
Seller currently has an application submitted with the City proposing the following split: the existing
home on approximately .44 acres, and the north half as an approximately .74-acre commercial lot (see
attached City recommendation and concept's).
The proposed .74-acre commercial lot has potential for a 5,000 sq ft building with approximately 26
parking spaces (see attached documentation). All subdivision and development subject to City approval.
PID #101-118-000010 is included in the sale.
Location
State MN
County Wright
Zoning Business/Commercial,Lot,Residential-Single Family
Interior
Heating Forced Air
Inclusions Land, Other
Fireplace No
Exterior
Parking Features Attached Garage, Gravel, Concrete, Insulated Garage
Garage Spaces 3.0
Utilities Available Electric Common, Heating Common
Present Use Other,Residential
Building
Foundation 1698
Sewer City Sewer/Connected
Water 4-Inch Submersible
New Construction false
Schools
School District St. Michael-Albertville
Listed by Tami Biegert • LPT Realty, LLC
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Sarah Carlson
Realtor | Lic# Lic# 20325212