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1515 Central Pky - Eagan Development Lot 1.5 Acres of Commercial Land Offered at $1,307,000 in Eagan, MN 55121

Commercial Land Parcels Minnesota 1515 Central Pky, Eagan, MN 55121

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INVESTMENT HIGHLIGHTS

  • Located across from Central Commons shopping
  • Less than 10 minutes to the Minneapolis-St. Paul International Airport
  • Adjacent to the Eagan Community Center and Central Commons

EXECUTIVE SUMMARY

We will listen to any reasonable offer. Our comps suggest a price of around $20 psf but motivated to sell for the right use. The owners or Eagan Central will subdivide this lot as they have more parking than they need 8:1,000 and 6:1000 is sufficient. The city is saying they want to know the use before proceeding with the subdivision/rezoning approval. The developer has begun the process of a planned unit development application and rezoning for general business use. The city is open to zone for logical uses such as: a bank, retail or medical clinic but is not open to a fast food drive-in use. The city wants the potential use identified before owners submit to subdivide. Site is at a controlled intersection at Quarry Drive and across from Hy-Vee and the Eagan Central Shopping Center. The site could be split into two lots for two different uses or sold as one lot.

ATTACHMENTS

Eagan Central Parking Lot_Marketing Brochure

PROPERTY FACTS

Price $1,307,000 Property Type Land
Sale Type Investment or Owner User Property Subtype Commercial
Sale Condition Build to Suit Proposed Use
Retail
  • Daycare Center
  • Medical
No. Lots 1 Total Lot Size 1.50 AC
Zoning RD/Research & Development - The entire lot, encompassing the existing 84K sq. ft. office building, is zoned R & D but lot(s) to be rezoned for general business use.
Price $1,307,000
Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Daycare Center
  • Medical
Total Lot Size 1.50 AC
Zoning RD/Research & Development - The entire lot, encompassing the existing 84K sq. ft. office building, is zoned R & D but lot(s) to be rezoned for general business use.

1 LOT AVAILABLE

Lot

Price $1,307,000 Lot Size 1.50 AC
Price Per AC $871,333.33
Price $1,307,000
Price Per AC $871,333.33
Lot Size 1.50 AC

City is open to medical, retail uses, financial services, etc. Upon identifying the use, we will need to subdivide the lot and receive rezoning. The city has been supportive of this process but wants the formal process to coincide with the user.

DESCRIPTION

The lot is situated in the heart of Eagan Commons, just steps away from 20 restaurants, Hy-Vee, Aldi, Goddard School/Goddard Childcare and Hobby Lobby. This prime location across from the Eagan Community Center offers ample opportunities to stay active with walking trails and a state-of-the-art fitness center. With easy access to major highways and just minutes from the airport and downtowns via 35E & 494, this location is the ideal location to help your business thrive. The property is currently zoned RD/Research & Development. However, the City is open to retail or medical office on the site subject to rezoning conditions. The City is not open to drive-thru retail.

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1515 Central Pky, Eagan, MN - AERIAL map view - Image1
1515 Central Pky, Eagan, MN - AERIAL map view - Image2
(612) 868-7429

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 30189058

  • Date on Market: 11/29/2023

  • Last Updated:

  • Address: 1515 Central Pky, Eagan, MN 55121

The Mendota Heights Land Property at 1515 Central Pky, Eagan, MN 55121 is currently available. Contact IAG Commercial for more information.

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1515 Central Pky - Eagan Development Lot
(612) 868-7429 x

1515 Central Pky - Eagan Development Lot

Jeff LaFavre
(612) 868-7429

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