Overview
Inver Grove Heights Land Opportunity
Available for sale is a land parcel ranging from 4.97 acres to 13.15 acres, or alternatively, 8.18 acres to 13.15 acres. The site currently hosts two buildings that can be demolished to accommodate new development. A portion of the land consists of gravel and sand. The location benefits from its proximity to four main routes: Highway 55, Highway 3, Highway 52, and I-494. The surrounding community is experiencing growth, with 14 new housing plats approved in Inver Grove Heights, totaling 1,101 new housing units, including 516 single-family and 585 multi-family units. The average household population within a 1-mile radius is 898, within 3 miles is 15,684, and within 5 miles is 65,148. Average household income is $112,912 within 1 mile, $103,115 within 3 miles, and $87,687 within 5 miles. Traffic counts include 10,200 vehicles per day on Robert Trail S, 24,500 vehicles per day on Highway 55, and 5,600 vehicles per day on 80th St E. The property is currently zoned Agricultural/Residential, with future zoning planned for Commercial use, including Retail, Office, Medical, and Residential. Area tenants include Target/Pharmacy, Starbucks, Iwa Sushi, Ideal Credit Union, Oyespa Salon | Spa, F45 Training, All Seasons PreSchool, Glassing Florist, Holiday Station Stores, McKeever Pet Dermatology Clinics, Inver Wood Golf Course, Inver Grove Heights Skate Park, Veterans Community Center, and Inver Hills Community College. The parcel with PID 20-00800-54-013 is 4.97 acres (216,493 sf) with 2024 taxes of $3,984.00. The parcel with PID 20-00800-54-014 is 8.18 acres (356,321 sf) with 2024 taxes of $8,392.00.
