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$ 575,000
Est. payment /mo
Active
8054 Spring Lake RD NE Minneapolis, MN 55432
1.66 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Auditors Sub 89
MLS Listing ID 7068759
Year Built 1937
Annual Tax Amount $4,440
Tax Year 2026
Contingent None
Lot Size 1.661 Acres
Lot Dimensions 378x192x92x257x191
Property Description
Prime 1.7-acre corner site on Hwy 10 with excellent visibility and high traffic counts. Currently zoned C2 with limited commercial uses. Comprehensive Plan guides the property for medium=density residential (up to 10 units per acre). City has indicated receptiveness to R-3 rezoning, make this an ideal opportunity for townhome, multifamily, or senior housing development. Strong nearby housing demand supports the area, with neighboring properties reporting extended waitlists for 2 bed units and rates around $1700/month. Senior housing benefits from reduced parking requirements, allowing for more efficient layout. Existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market and development requirements.
Location
State MN
County Ramsey
Zoning Business/Commercial
Interior
Inclusions None
Fireplace No
Exterior
Fence Full
Utilities Available Electricity Available, Natural Gas Available, None Connected, Sewer Available, Storm Sewer Available
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
Schools
School District Mounds View
Others
Restrictions Open
Listed by Mary Sabby • Counselor Realty