Marcus & Millichap is pleased to present 4.82 acres of development land adjacent to 99 Northtown Drive NE (the “Property”) in Blaine, MN. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development. FIRST BID MEETS RESERVE!
The Property consists of two parcels totaling ±4.82 acres situated adjacent to Home Depot and shadow anchored by Northtown Mall. The Property benefits from visibility and frontage on both University Avenue with traffic counts of 15,097 vehicles per day and MN-Hwy 47 with traffic counts of 21,498 VPD. Other nearby retailers include Target, Walmart, Sam’s Club, Aldi, Hobby Lobby, Best Buy, Sky Zone Trampoline Park, Savers, Planet Fitness, AutoZone, Burlington, Chick-fil-A, Barnes & Nobles, Red Lobster and more. The Property benefits from MU-CR 10 Mixed Use zoning, with flexible uses permitted including retail, professional office, restaurant, residential, and many more.
Blaine, a city located in Anoka County, is part of the Twin Cities MSA and approximately 10 miles north of downtown Minneapolis. The Property is located in an affluent area with an average household income of $91,999 within a 3-mile radius and a population of 226,571 residents and an average household income of $98,797 within a 5-mile radius.