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498 7th St
Newport, MN 55055

Newport Light Industrial Land · Land For Sale · 3.57 AC

Executive Summary

Development opportunity for light industrial use
Convenient location in thriving east metro area
Completed environmental work
City and community encourages growth and development
Great for mini storage; zoning excludes auto repair and body shop
Located near Glen Road and Hwy 61
Visible from highway
Easy access to I-494, Minneapolis St. Paul International Airport, St. Paul Airport and Mall of America
Portfolio package including the following properties:
760 6th St, Newport, MN 55055
500 7th Ave, Newport, MN 55055
498 7th Ave, Newport, MN 55055
400 7th Ave, Newport, MN 55055
Land Parcels:
Parcel 01.027.22.21.0031, 20,644 SF
Parcel 01.027.22.21.0030, 44,828 SF
Parcel 01.027.22.21.0029, 38,367 SF
Parcel 01.027.22.21.0028, 51,400 SF
Total: 155,510 SF

PROPERTY FACTS

Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 3.57 AC

1 Lot Available

Lot

Price $970,220
Price Per AC $271,770
Lot Size 3.57 AC

Parcel 01.027.22.21.0031, 20,644 SF Parcel 01.027.22.21.0030, 44,828 SF Parcel 01.027.22.21.0029, 38,367 SF Parcel 01.027.22.21.0028, 51,400 SF Total: 155,510 SF

Description

Portfolio package including the following properties: 760 6th St, Newport, MN 55055 500 7th Ave, Newport, MN 55055 498 7th Ave, Newport, MN 55055 400 7th Ave, Newport, MN 55055

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-027-22-21-0030
  • 01-027-22-21-0028
  • 01-027-22-21-0031
Land Assessment
$346,300
Improvements Assessment
$151,800
Total Assessment
$498,100

zoning

Zoning Code B2
B2
  • Listing ID: 23333162

  • Date on Market: 6/8/2021

  • Last Updated:

  • Address: 498 7th St, Newport, MN 55055

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