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Investment Highlights

  • Site has been cleared of trees and previous structure.
  • High income area with median income over $180,000 in 3 mile area.
  • Potential to acquire adjacent City owned land.

Executive Summary

Mixed-use land for sale, perfect location for small apartment or townhome development.

Property Facts Under Contract

Price $475,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Bank
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Loft or Creative Space
  • Medical
  • Restaurant
  • Single Family Development
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 0.25 AC
Zoning Mixed-Use Commercial - Zoned Mixed-Use Downtown District (MU-D) and Guided for Mixed-Use which allows for housing of 8-15 units per acre

1 Lot Available

Lot

Price $475,000
Price Per AC $1,900,000.00
Lot Size 0.25 AC

.25 acres near Dakota Rail Trail, parks, Lake Minnetonka access, and schools.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
13-117-24-33-0015
Land Assessment
$142,000
Improvements Assessment
$153,000
Total Assessment
$295,000
  • Listing ID: 38181788

  • Date on Market: 10/23/2025

  • Last Updated:

  • Address: 5581 Shoreline Dr, Mound, MN 55364

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