Listing Agency: KW Commercial - Minnetonka j***@kwcommercial.com Show Phone

Listed By: Jeff Stedman Show Phone

Source: Moodyscre

Added: Sep 11, 2024 Changed: Aug 8 Last Checked: Jul 16 at 8:41AM

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Investment Insights

Based on property information with market context.

This two-story residential property, featuring an unfinished basement, presents a potential opportunity for multifamily development. The property benefits from its frontage on Delano Avenue, providing direct access to Highway 12. Zoned for mixed-use and multifamily purposes, the site may also qualify for Tax Increment Financing (TIF) financial support from the city. Its location places it within close proximity to local amenities, including a post office, library, Blackwater Coffee & Café, McGarry's Pub, a hardware store, and a local park. The property size is 2308 square feet.

Key Highlights

• Multifamily zoning allows for development opportunities.
• Direct Hwy 12 access via Delano Avenue frontage.
• Potential for TIF financial support from the city.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Plumbing Service Auto Repair Shop Carpet & Flooring Store Big Box & Wholesale Store Kitchen & Bath Showroom

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

259

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots 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?

Residential land & home lot - Two-story residential property suitable for multifamily development.

Where is this residential land & home lot located?

The property is located at 1635 Delano Ave Maple Plain, MN.

What is the asking price?

The asking price for this property is $259,000.

What are key features of this property?

This property features: Multifamily zoning allows for development opportunities.; Direct Hwy 12 access via Delano Avenue frontage.; Potential for TIF financial support from the city.