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Keats Ave - Lake Elmo Crossing 6.89 Acres of Commercial Land in Lake Elmo, MN 55042
Investment Highlights
- Exceptional access along I-94, with traffic counts exceeding 105,000 vehicles per day
- Proximity to major regional retailers and amenities, including Woodbury Lakes, Tamarack Village, Walmart, Super Target, and Sam’s Club
- Surrounded by rapidly expanding residential development, with 1,200+ new housing units approved and/or under construction
- Strong, upper income demographics in the surrounding communities of Lake Elmo and Woodbury
Executive Summary
This 6.89-acre commercial site at Keats Avenue North and Hudson Boulevard North in Lake Elmo represents one of the strongest remaining development opportunities along the I-94 eastern gateway. With direct exposure to more than 105,000 vehicles per day traveling along the interstate, the property delivers exceptional visibility and brand presence for retailers, service providers, or mixed-use developers seeking a strategic regional foothold. The site sits within a rapidly expanding residential growth area, surrounded by more than 1,200 new housing units either approved or currently under construction, generating robust future demand for shopping, dining, childcare, healthcare, and everyday-needs retail. The immediate trade area benefits from some of the highest household incomes in the Twin Cities metro, with Lake Elmo and Woodbury consistently ranking among the region’s most affluent communities.
Property Facts
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 6.89 AC |
| Property Type | Land | Cross Streets | I-94 |
| Property Subtype | Commercial | ||
| Zoning | HD/LB- Ltd Business | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 6.89 AC |
| Cross Streets | I-94 |
| Zoning | HD/LB- Ltd Business |
1 Lot Available
Lot
| Lot Size | 6.89 AC |
| Lot Size | 6.89 AC |
7 commercial acres with a prime I-94 location
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 34-029-21-44-0009 | Improvements Assessment | $0 |
| Land Assessment | $2,626,400 | Total Assessment | $2,626,400 |
Property Taxes
Parcel Number
34-029-21-44-0009
Land Assessment
$2,626,400
Improvements Assessment
$0
Total Assessment
$2,626,400
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Keats Ave - Lake Elmo Crossing