14655 Forest Blvd Hugo, MN

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.