Corner Commercial Development
For Sale
Contact for pricing
502 Cherry Drive, Waconia, MN 55387
Commercial land at a high-visibility corner with B1 zoning and strong nearby medical activity.
Property SizeContact for details
Days on Market122
Property Features for 502 Cherry Drive
General Information
Standard status
Active
Property subtype
Retail, Land
Zoning
B1
Site & Location
Traffic Count
12,500 vehicles/day
Highway Access
Yes
Listing Agency:
KW Commercial Eagan
Listed By:
Tom Baker · License #MN 83134
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 5:17AM
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 KW Commercial Eagan
Investment Insights
Based on property information with market context.
This commercial development site is located at a high-profile corner of Highway 5 and Cherry Street, providing strong visibility for a future retail or medical project. The property is described as being in a medically dense area with easy access.
The site is positioned across the street from Ridgeview Medical Center, which reported over 26,000 emergency room visits last year. The listing also cites traffic of 12,500 vehicles per day on Minnesota 5. Zoned B1 – Highway Business District, the surrounding area includes AmericInn Lodge & Suites and a new Ground Round Grill & Bar.
For planning purposes, the key takeaway is the combination of corner location, B1 Highway Business District zoning, and immediate adjacency/opportunity connected to a major medical provider.
The site is positioned across the street from Ridgeview Medical Center, which reported over 26,000 emergency room visits last year. The listing also cites traffic of 12,500 vehicles per day on Minnesota 5. Zoned B1 – Highway Business District, the surrounding area includes AmericInn Lodge & Suites and a new Ground Round Grill & Bar.
For planning purposes, the key takeaway is the combination of corner location, B1 Highway Business District zoning, and immediate adjacency/opportunity connected to a major medical provider.
Key Highlights
- High‑visibility corner on Highway 5 and Cherry Street
- Traffic count of 12,500 vpd on Minnesota 5
- Across the street from Ridgeview Medical Center, with over 26,000 emergency room visits last year
Property Analytics
Current Use
Lease Details
12,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 55387, MN
14,552
Population
5,711
Households
2.5
Avg Household Size
38
Median Age
49%
College-Educated
98%
High-School Grad
31.5 sq mi
ZIP Area
462
Density / Sq Mi
$109,279
Median Household Income
$62,716
Median Earnings
$1,306
Median Rent
$418,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land at a high-visibility corner with B1 zoning and strong nearby medical activity.
Where is this commercial land located?
The property is located at 502 Cherry Drive Waconia, MN.
What are key features of this property?
This property features: High‑visibility corner on Highway 5 and Cherry Street; Traffic count of 12,500 vpd on Minnesota 5; Across the street from Ridgeview Medical Center, with over 26,000 emergency room visits last year
