Listing Agency: CBRE Minneapolis

Listed By: Brian Pankratz · License #MN 20340709 Show Phone

Source: Crexi

Added: Apr 3, 2024 Changed: Sep 10 Last Checked: Sep 11 at 6:52AM

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Investment Insights

Based on property information with market context.

This property is zoned Mixed-Use Downtown District (MU-D) and guided for Mixed-Use, which allows for housing of 8-15 units per acre. The site has been cleared of trees and previous structures. It is located near the Dakota Rail Trail, parks, Lake Minnetonka access, and schools. The location is suitable for a small apartment or townhome development. The area has a high income, with a median income over $180,000 in a 3-mile radius. There is potential to acquire adjacent city-owned land.

Key Highlights

• High income area with median income over $180,000 in 3 mile area
• Zoned Mixed‑Use Downtown District (MU‑D) allowing for housing of 8‑15 units per acre
• Perfect location for small apartment or townhome development**

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

435

Businesses Nearby

Explore this area Business Placement

Demographics for 55364, MN

15,210

Population

6,740

Households

2.3

Avg Household Size

43

Median Age

50%

College-Educated

98%

High-School Grad

15.2 sq mi

ZIP Area

1,001

Density / Sq Mi

$111,083

Median Household Income

$72,391

Median Earnings

$1,128

Median Rent

$411,200

Median Home Value

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What type of property is this? Where is this land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Land - Land near Dakota Rail Trail, parks, Lake Minnetonka access.

Where is this land located?

The property is located at 5581 Shoreline Drive Mound, MN.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: High income area with median income over $180,000 in 3 mile area; Zoned Mixed‑Use Downtown District (MU‑D) allowing for housing of 8‑15 units per acre; Perfect location for small apartment or townhome development**