Redevelopment Land on Rum River Dr S 5.07 Acres of Commercial Land Offered at $925,000 in Princeton, MN 55371

An exceptional 5-acre lot in a prime Princeton location is now available! 3 PIDs make up this parcel located in both R3 and B2 zoning districts, and adjacent to B3, offers opportunities to tailor to your use and vision. Property is accessible on both Rum River Drive S and 7th Avenue S, located just a block away from Princeton High School and surrounded by thriving businesses like Kwik Trip, Coborns, AmericInn, McDonalds, Caribou Coffee, M Health Fairview Medical Center, offering a premium location ensuring visibility and accessibility. Listed PID is zoned R3 and sale includes 2 additional PIDs zoned B2 (church building). Asking price is $4.58/sf (including buildings), therefore a very affordable opportunity for redevelopment or repurposing for your specific plans and endeavors. Tenant owns playground and fencing, therefore, not included in the sale.
Contact City of Princeton for all zoning and business use questions, Mary Lou 763-389-2040. Sale to include all 3 PIDs: 240330790, 240330830 and 240330820. Current taxes are exempt (church). Owner occupied plus two lease spaces being currently leased. Lease spaces are written with terms of early termination with a sale, tenants may stay if able. More info can be provided upon executed NDA. Please allow adequate showing notice and contact listing agent for any questions and showing requests, 763-300-5387.