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    7073 Centerville Rd Centerville, MN 55038

    For Sale
    Contact for pricing

    1.61 acres in downtown Centerville, suitable for multi-family development.

    Lot size:
    1.61 Acres

    Property Features for 7073 Centerville Rd

    General Information

    Lot size
    1.61 Acres

    Source: Titus Commercial Real Estate Agent Mike A Brass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Centerville Land for Mixed Use

    This 1.61-acre (70,232 square feet) city-owned development site is located in downtown Centerville. Zoned for multi-family or mixed-use development, the site can accommodate up to 72 units. The property consists of eight parcels with all utilities and storm water retention in place. The location provides access to I-35E via Main Street and is situated 20 minutes north of the Twin Cities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Washington
    State
    Minnesota
    Longitude
    -93.0565034
    Latitude
    45.1628279

    FAQs

    What type of property is this?
    Land - 1.61 acres in downtown Centerville, suitable for multi-family development.
    Where is this land located?
    The property is located at 7073 Centerville Rd Centerville, MN.
    What are key features of this property?
    This property features: - Zoned multi-family/mixed use, can accommodate up to 72 units.; - **Excellent location in downtown Centerville.**; - All utilities & storm water retention in place.
    (612) 750-4312
    Request Owner's contact information
    7073 Centerville Rd Centerville, MN 55038
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    Centerville, MN 55038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7073 Centerville Rd Centerville, MN 55038
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