Prime Hugo Development
14655 Forest Blvd, Hugo, MN
4.3 acres of commercial land in downtown Hugo.
Type:LAND
Lot size:
4.30 Acres- Added:
- Jun 14, 2024
- Days on Market:
- 704
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 14655 Forest Blvd
General Information
- Standard status
- Active
- Lot size
- 4.30 Acres
- Property subtype
- LAND
Listing agent Chris Eng (651) 202-2814
Listing office Washington County CDA (651) 202-2814
Listing date Jun 14, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Washington County CDA
HighLights
- Prime 4.3‑acre development land in downtown Hugo with 650+ feet of lakeshore frontage on Egg Lake.
- Central Business (C‑1) zoning allows for multiple commercial uses, including restaurant/entertainment, retail, office, and housing.
- Property price can be reduced to $1.00 if development criteria are met, including a full‑service restaurant or entertainment venue with lake views.
- Located in the heart of Hugo, offering the potential to become the centerpiece of the downtown business district.
- City incentives include no parkland dedication fees for commercial/industrial development and no sewer trunk charges for downtown redevelopment.
- Hugo acts as the Local Governing Unit for Rice Creek Watershed District, streamlining the development process.
Overview
This 4.3-acre property, suitable for redevelopment, is located in downtown Hugo along Forest Boulevard (Highway 61) near Egg Lake. Zoned Central Business (C-1), the land allows for multiple commercial uses and can be subdivided. The property, owned by the City of Hugo, features over 650 feet of lakeshore frontage, making it suitable for a mixed-use development. Potential uses include a restaurant or entertainment venue, commercial spaces, boutique retail, office space, and housing. The property could serve as a centerpiece for Hugo's downtown business district. Downtown Plan and Design Guidelines apply to development in this area. A development project that meets specific criteria may be eligible to purchase the property for $1.00. These criteria include a full-service restaurant, event center, or family entertainment venue with lake views, a development and phasing plan completed within 3 years, quality architecture and site design exceeding Downtown Design Guidelines, and construction of public amenities such as pedestrian connections, a gathering place near Egg Lake, and public parking. The City does not require parkland dedication for commercial and industrial development, nor does it charge sewer trunk charges for redevelopment sites in downtown. Hugo serves as a one-stop shop for development as the Local Governing Unit for Rice Creek Watershed District. A survey of the property is available upon request.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Hugo
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9933
- Latitude
- 45.16
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 4.3 acres of commercial land in downtown Hugo.
Where is this land located?
The property is located at 14655 Forest Blvd Hugo, MN.
What are key features of this property?
This property features: Prime 4.3‑acre development land in downtown Hugo with **650+ feet of lakeshore frontage on Egg Lake.**; Central Business (C‑1) zoning allows for multiple commercial uses, including restaurant/entertainment, retail, office, and housing.; Property price can be reduced to $1.00 if development criteria are met, including a full‑service restaurant or entertainment venue with lake views.
