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5430 Minnetonka Boulevard - Shovel ready site in Saint Louis Park

1.09 Acres of Residential Land Offered at $1,495,000 in Minneapolis, MN 55416

Investment Highlights

  • Bare land, high density zoning, excellent location

Executive Summary

Rare Opportunity! Very rare bare land, shovel ready site, near downtown, zoned R-4 high density residential. Initially approved for up to 32 condos or apartments. Other approved uses: Day Care Center, Group Home, Nursing Home, Library, Small Office up to 2500 sqft, Academic Facility, Etc. Excellent access off HWY 100 and Minnetonka Blvd. Highly desirable neighborhood, close to lakes and West end retail.

Property Facts

Price $1,495,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.09 AC

1 Lot Available

Lot

Price $1,495,000
Price Per AC $1,371,560
Lot Size 1.09 AC

Recently released by the Minnesota DOT from the expansion of HWY 100. This ~1.09 acre lot is zoned R-4, located just west of Hwy 100 in St Louis Park MN.

Description

Former Holiday Convenience store was taken under eminent domain by the MN DOT for the widening of HWY 100. The convenience store was demoed, including clean up of minor soil contamination. Documentation is available during due diligence. The site is excess land and was only recently released after construction on HWY 100 completed. This is a rare opportunity for a shovel ready site in a highly desirable area in the western suburbs.

zoning

Zoning Code R4 (High Density Residential and Commercial, visit city of Saint Louis Park website for detail)
R4 (High Density Residential and Commercial, visit city of Saint Louis Park website for detail)
  • Listing ID: 34134343

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 5430 Minnetonka Boulevard, Minneapolis, MN 55416

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