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1225 80th St E 4.97 - 8.18 Acre Commercial Land Lots in Inver Grove Heights, MN 55077

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EXECUTIVE SUMMARY

Land For Sale - 13.15 Acres Contiguous
Highlights and Features:
• Four main routes - Hwy 55, Hwy 3, Hwy 52 and I-494
• A growing community with new housing developments nearby
• 14 new housing plats have been approved in the city of Inver Grove Heights for a total of 1,101 new housing units (516 single-family, 585 multi-family)
• 2 buildings currently on site but can be demolished for development
• A portion of the land is gravel and sand
• Area Tenants: Target/Pharmacy, Starbucks, Iwa Sushi, Ideal Credit Union, Oyespa Salon | Spa, F45 Training, All Seasons PreSchool, Glassing Florist, Holiday Station Stores, McKeever Pet Dermatology Clinics, Inver Wood Golf Course, Inver Grove Heights Skate Park, Veterans Community Center, Inver Hills Community College
Totals Acres Available For Sale: 4.97 acres to 13.15 acres or 8.18 acres to 13.15 acres
• PID 20-00800-54-013: 4.97 acres, 216,493 sf
o 2025 Tax: $3,984
• PID 20-00800-54-014: 8.18 acres, 356,321 sf
o 2025 Tax: $8,392
• Currently zoned Agricultural/Residential
• Future zoning is Commercial - Retail, Office, Medical, Residential
• Sale Price: Negotiable
Demographics and Traffic Counts:
• Average Household Population: 1 mile - 898, 3 miles - 15,684, 5 miles - 65,148
• Average Household Income: 1 mile - $112,912, 3 miles - $103,115, 5 miles - $87,687
• Robert Trail S - 10,200 vpd, Highway 55 - 24,500 vpd, 80th St E - 5,600 vpd

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL ANNUAL PER AC
Taxes $10,376 $789.05
Operating Expenses - -
Total Expenses $10,376 $789.05

FINANCIAL SUMMARY (ACTUAL - 2022)

Taxes
Annual $10,376
Annual Per AC $789.05
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $10,376
Annual Per AC $789.05

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Medical
  • Single Family Development
Total Lot Size 13.15 AC
Zoning Ag/Residential - Currently zoned Agricultural/Residential Future zoning is Commercial - Retail, Office, Medical, Residential

2 LOTS AVAILABLE

Lot

Lot Size 4.97 AC

• PID 20-00800-54-013: 4.97 acres, 216,493 sf • 2025 Tax: $3,984 • PID 20-00800-54-014: 8.18 acres, 356,321 sf • 2025 Tax: $8,392

Lot

Lot Size 8.18 AC

• PID 20-00800-54-013: 4.97 acres, 216,493 sf • 2025 Tax: $3,984 • PID 20-00800-54-014: 8.18 acres, 356,321 sf • 2025 Tax: $8,392

DESCRIPTION

Land For Sale - 13.15 Acres Highlights and Features: Four main routes include Hwy 55, Hwy 3, Hwy 494, and Hwy 52 A growing community with new housing developments nearby 3 buildings currently on site but can be demolished for development A portion of the land is gravel and sand PID: 20-00800-54-013 (4.97 acres, 216,493 sf) PID: 20-00800-54-014 (8.18 acres, 356,321 sf) Currently zoned Residential, future zoning is Commercial Area Tenants: Target/Pharmacy, Starbucks, Pizza Hut, Iwa Sushi, Ideal Credit Union, All Seasons PreSchool, Glassing Florist, Holiday Station Stores, Sure Lock, McKeever Dermatology Clinics, Inver Wood Golf Course, Nygaard Trucking Service, Inver Grove Heights Skate Park, Inver Grove Heights Market, Inver Hills Community College Demographics: 2018 Average Household Population: 1 mile - 898, 3 miles - 15,684, 5 miles - 65,148 2018 Average Household Income: 1 mile - $112,912, 3 miles - $103,115, 5 miles - $87,687 Traffic Counts: Robert Trail S - 10,200 vpd, Highway 55 - 24,500 vpd, 80th St E - 5,600 vpd

  • Listing ID: 20558570

  • Date on Market: 8/7/2020

  • Last Updated:

  • Address: 1225 80th St E, Inver Grove Heights, MN 55077

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