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820 Johnson Ave SW - Cokato Residential Development Opportunity
62.38 Acres of Residential Land Offered at $1,123,000 in Cokato, MN 55321
Investment Highlights
- The City is open for discussion on TIF or tax incentives.
- Community anticipates growth and currently has little land available for development
Executive Summary
The City is open for discussion on TIF or tax incentives and would consider/review a proposed development that includes townhomes/condos or smaller multi-family with 2-12 units.
This is a great opportunity for development in a community that anticipates growth and currently has little land available for development.
Property Facts
| Price | $1,123,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 62.38 AC |
| Price | $1,123,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 62.38 AC |
1 Lot Available
Lot
| Price | $1,123,000 | Lot Size | 62.38 AC |
| Price Per AC | $18,003 |
| Price | $1,123,000 |
| Price Per AC | $18,003 |
| Lot Size | 62.38 AC |
Why You'll Love It: Attention Builders, Developers and Investors! Check out this opportunity for land to develop or invest in. Coordinates: 45.071320865782 , -94.199890920695; +/-20 miles to Hutchinson, MN via US-12W and MN 15S+/-36 miles S of St Cl
Description
Attention Builders, Developers and Investors! Check out this opportunity for land to develop or invest in. 62.38 acres with 35 acres already within the City of Cokato; the balance in Cokato Township. Cokato is centrally-located from several local cities, as well as economic and employment centers such as St Cloud and the Twin Cities. Utilities are at the street along Johnson Avenue. Zoning is R-1 for the +/-35.60 acres within the City of Cokato and Transition Area for the +/-26.78 acres within Cokato Township. The R-1 district allows single-family dwellings. However, the City Administrator indicated that a proposed development including townhomes/condos or smaller multi-family with 2-12 units may also be considered. The City is open for discussion on TIF or tax incentives. This is a great opportunity for development in a community that anticipates growth and currently has little land available for development.
PROPERTY TAXES
| Parcel Number | 105-500-334100 | Improvements Assessment | $31,400 |
| Land Assessment | $506,000 | Total Assessment | $537,400 |
PROPERTY TAXES
zoning
| Zoning Code | R-1 and Transition Area |
| R-1 and Transition Area |
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Terri Jensen -
National Land Realty
Presented by
820 Johnson Ave SW - Cokato Residential Development Opportunity
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