Rock Ridge Rd - Lot 11, Commercial Lot, Mountain Iron (00040) 1.31 Acres of Commercial Land Offered at $395,000 in Mountain Iron, MN 55768

Lot 11: Shovel-Ready Commercial Zoned Opportunity in Rock Ridge Development! Rock Ridge Development is in the growth stage of the neighborhood life cycle. Mountain Iron is sister city to Virginia, MN and part of the other quad cities that include Eveleth and Gilbert. US Hwy 169 runs east/west connecting these quad cities and is heavily trafficked. The site is almost directly off US Hwy 169. US Hwy 169's commercial corridor also connects the cities of Buhl and Kenney to the quad cities. The sites are located in Rock Ridge Development which is located on the east side of Mtn Iron 1.5 miles from the intersection of US Hwy 169 and US Hwy 53. The sites are also in very close proximity to Minntac, whose main entrance is off Park Ridge Dr, just to the north. Other commercial ventures in the area include: Comfort Inn & Suites, L & M Fleet Supply, Wal-Mart Supercenter, Maurices, Great Clips, Famous Footwear, Lake Country Power, ATM (Mtn Iron Short Stop), Anderson Auto Service, Cinema 6 Theatre, Dairy Queen, Virginia Golf Course, Target, AT & T... The downtown area of Mtn Iron is located just north of US Hwy 169 and Mineral Avenue. To the north of Rock Ridge Development are single-family homes and a large open mining operation known as Minntac, owned by US Steel Corp. South of Rock Ridge Development across Hwy 169 includes: new Mtn Iron-Buhl Public School, library, place of worship, City of Mtn Iron administrative offices, assisted living, ballfield, and single-family homes. The Commercial District has a variety of permitted uses including retail, lodging, office, restaurants, and dealerships. The City's willingness for development is evidenced through new development: the new Mtn Iron school to the southwest, the new T-Mobile site, together with the new charter school adjacent to the NE. Tax increment financing is available. Only four sites remain and are well-situated in this developing area with new school to the SW; Wal-Mart to the West; new T-Mobile site to the South on Rock Ridge Dr; and a new charter school to the NE at the junction of Rock Ridge Dr and Park Ridge Drive/CSAH 102). City utilities available include water, sewer, electric, natural gas, and underground cable. All sites have frontage on Rock Ridge Drive which is two-lane, bi-directional, paved, and with curb/gutter and street lights. Lots are available as individual lots or can be combined for a larger area for your development. Lots 10 & 11 lie on the west side of Rock Ridge Dr -- contiguous North to South. Lots 6 & 7 lie on the east side of Rock Ridge Dr & are contiguous North to South. Lots 6 and 7 must be sold together. Topography is mostly level and open; the site is rectangular in shape. See Property images for a Concept Plan of the development area. Lot 10 and 11 abuts Wal-Mart Supercenter's east line and is subject to Wal-Mart Covenants & Restrictions. Please contact Tony Rossato for a copy of these covenants/restrictions.