8054 Spring Lake Rd NE - Commercial LAND FOR SALE


Spring Lake Park, MN 55432 74,052 SF
$575,000 USD
763-370-0207
8054 Spring Lake Rd NE, Spring Lake Park, MN for Sale
$575,000 USD
Commercial LAND - FOR SALE
1/5
74,052 SF

8054 Spring Lake Rd NE
Spring Lake Park, MN 55432


HIGHLIGHTS

  • Redevelopment, Currently Zoned C2 , Comprehensive Plan for medium-density residential, Senior development with parking ratio 2 units/1 parking

OVERVIEW

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, making this an ideal opportunity for townhome, multifamily, or senior housing development. Strong nearby senior housing demand supports the area, with neighboring properties reporting extended waitlists for 2-bedroom units and rental rates around $1,700/month. Senior housing benefits from reduced parking requirements, allowing for a more efficient site 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.High Visibility 36,000 Vehicles / Day. City Loop Water/ sewer system in place.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/ACRE

$338,235/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

8054 Spring Lake Road

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Planned Unit Development

LAND ACRES

1.7 AC

LAND SF

74,052 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

06-30-23-32-0043

ASK ABOUT THIS PROPERTY

Mary SabbyCounselor RealtyMore Info
763-370-0207

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Mary SabbyCounselor RealtyMore Info
763-370-0207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.