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1849 100th Ave - $15mln TIF Development in Princeton, MN
39,000 Acres of Commercial Land Offered at $2,900,000 in Princeton, MN 55371
Investment Highlights
- $15mln in TIF funding
- Approved for 34 twinhomes, 56 townhomes, and 80-120 unit commercial apartment or senior living
Executive Summary
The commercial plat could be configured as other uses such as an industrial building or smaller assisted living property as well.
City has approved $15mln of TIF funding to support the development of the project.
Engineering is done and this project will be "shovel-ready" at the end of January.
Reach out for more details.
Property Facts
| Price | $2,900,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 39,000.00 AC |
| Price | $2,900,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 39,000.00 AC |
1 Lot Available
Lot
| Price | $2,900,000 | Lot Size | 39,000.00 AC |
| Price Per AC | $74 |
| Price | $2,900,000 |
| Price Per AC | $74 |
| Lot Size | 39,000.00 AC |
Development in Princeton, MN with $15mln of TIF. Engineering is done and city has approved 34 twinhome villas, 56 townhomes, and a commercial building that can be 80-120 units for assisted living, independent living, apartments, etc.
Description
Development Opportunity in Princeton, MN with $15mln of TIF. Engineering is done and city has approved 34 twinhome villas, 56 townhomes, and a commercial building that can be 80-120 units for assisted living, independent living, apartments, etc. This would be a perfect opportunity for an aging in place model with the twinhomes and commercial building providing senior services. Market study is complete by Viewpoint showing unmet demand for 110+ units of independent living, assisted living, and memory care in the area. City has approved $15mln of TIF funding to support the development of the project. Engineering is done and this project will be "shovel-ready" at the end of January. Reach out for more details.
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Jaden Ghylin - Ascent Equity, LLC.
Presented by
Ascent Equity, LLC.
1849 100th Ave - $15mln TIF Development in Princeton, MN
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