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6050 Cahill Ave - Cahill Land 6.03 Acres of Commercial Land Offered at $1,325,000 in Inver Grove Heights, MN 55076

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INVESTMENT HIGHLIGHTS

  • All utilities to the site
  • Approved residential development site.
  • 235 ft. of frontage on Camden Ave. E.

EXECUTIVE SUMMARY

Contract for Deed terms will be considered. Price reduced, 6.3 acres in a prime Inver Grove Heights neighborhood! Lease the home and out buildings to create a revenue stream during your holding period. This location is zoned for residential re-development. There are two parcels included in the 6.3 acres. One lot has access from Cahill Ave. The 2nd lot has Carmen Ave. frontage. This is the first time this land has been offered for sale in almost half a century. The home and outbuilding on site are currently occupied. Please do not drive the property without an appointment.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,325,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Planned Unit Development
  • Single Family Development
Total Lot Size 6.03 AC
No. Stories 2
Zoning Homestead - This land is currently zoned for residential re-development. It has been approved for up to 220 apartment units and may be a good fit for townhomes.

1 LOT AVAILABLE

Lot

Price $1,325,000
Price Per AC $219,734.66
Lot Size 6.03 AC

3 27 22 E 310 FT OF W 675 FT OF N 660 FT OF NW 1/4

DESCRIPTION

6.3 acres includes PID 207125101011 on Carmen Ave. The owners still live on site. Please contact the listing agent for an appointment to tour this property. The tax info has both parcels together. City water is available. The owner is still using the well. The old septic system has been removed and the existing home is connect to city sewer. There are expansive open areas with some woods buffering the perimeter. The seller will consider a C.D. Survey attached.

  • Listing ID: 34767064

  • Date on Market: 2/8/2025

  • Last Updated:

  • Address: 6050 Cahill Ave, Inver Grove Heights, MN 55076

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