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23440 Highway 55 74.8 Acres of Commercial Land Offered at $3,995,000 in Corcoran, MN 55357
Investment Highlights
- Located on the North Side of Highway 55
- Greater Highway Corner Location
- Traffic Counts 2024: Highway 55 - 15,800 VPD
- Only 11 Miles West of I-94
- Signalized Intersection
- Traffic Counts 2024: County Road 19 - 7,000 VPD
Executive Summary
* Sales Price $3,995,000.00
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$10,487
|
$140.20
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,487
|
$140.20
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $10,487 |
| Annual Per AC | $140.20 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $10,487 |
| Annual Per AC | $140.20 |
Property Facts
| Price | $3,995,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 74.80 AC |
| Zoning | I-1, C-2 - North Half Zoned I-1, 2nd Half Zoned C-2 | ||
| Price | $3,995,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 74.80 AC |
| Zoning | I-1, C-2 - North Half Zoned I-1, 2nd Half Zoned C-2 |
1 Lot Available
Lot
| Price | $3,995,000 | Lot Size | 74.80 AC |
| Price Per AC | $53,409.09 |
| Price | $3,995,000 |
| Price Per AC | $53,409.09 |
| Lot Size | 74.80 AC |
* 74.8 Acres (Divisible) * Signalized Intersection * Hennepin County PID 31.119.23.43.0001 * 2025 Taxes $10,487.50 * North Half Zoned I-1, Light Industrial * South Half Zoned C-2, Community Commercial
Description
74.8 Acres (Divisible)
1 1
Property Taxes
| Parcel Number | 31-119-23-43-0001 | Total Assessment | $1,068,800 (2024) |
| Land Assessment | $1,068,800 (2024) | Annual Taxes | $10,487 |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
31-119-23-43-0001
Land Assessment
$1,068,800 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,068,800 (2024)
Annual Taxes
$10,487
Tax Year
2025
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23440 Highway 55
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