Listing Agency: CBRE - Minnesota Show Phone

Listed By: Thomas Lelich Show Phone

Source: Moodyscre

Added: Nov 16, 2022 Changed: Aug 8 Last Checked: Aug 20 at 5:33AM

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Investment Insights

Based on property information with market context.

This land parcel offers frontage and immediate access to Highway 10. It is located in the growing Big Lake Marketplace commercial area and has close proximity to the Northstar Commuter Rail Station and a 60,000 square foot train maintenance facility. The property is zoned I-2 (General Industrial District). City services are available to the site. There are no special assessments levied or pending at this time, and no park dedication fees for industrial development. Rail potential exists, with an existing spur at 17701 198th Ave. Tax increment financing is available for owner occupant build-to suits or multi-tenant projects. The 2023 property taxes were $5332.00.

Key Highlights

• Frontage and immediate access to Hwy 10
• Tax increment financing available for owner occupant build‑to suits or multi‑tenant projects
• Close proximity to Northstar Commuter Rail Station

Property Analytics

Property Profile

Current Use

Commercial land

Location Intelligence

Trade Area within ½ mile

67

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Land - Land with frontage, access, city services, and rail potential.

Where is this land located?

The property is located at 198th Ave Big Lake, MN.

What are key features of this property?

This property features: Frontage and immediate access to Hwy 10; Tax increment financing available for owner occupant build‑to suits or multi‑tenant projects; Close proximity to Northstar Commuter Rail Station