8054 Spring Lake Road Ne, Spring Lake Park, MN 55432

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Presented By

Listed By

Agency Name: Counselor Realty

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Shown By

Agent Name: Mary Rooney
Agent Phone: (763) 229-1133

Property 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.

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 by Counselor Realty, 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 maryrooney.counselorrealty.com today.

Property Features

Property Type: Land - Commercial
Lot Size: 1.66 Acres
Taxes: $4,440

Feature Descriptions

Days on Site: 2
Fencing: Full
Improvements: Public Road, Storm Sewer
Lot: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
Lot Dimensions: 378x192x92x257x191
Topography: Level
Utilities: Electricity Available, Natural Gas Available Connected, Sewer Available, Storm Sewer Available

Local Schools

School District: Mounds View

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Estimated Payment

$ 3,598.10 per month $3,060.39 Principal & Interest $370.00 Property Tax $167.71 Homeowner's Insurance

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