Listing Agency: CBRE - Minnesota Show Phone

Listed By: Matt P Friday Show Phone

Source: Moodyscre

Added: Sep 9, 2024 Changed: Sep 11 Last Checked: Sep 13 at 10:29AM

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Investment Insights

Based on property information with market context.

This offering consists of a 2.09-acre commercial land parcel. The property is identified as zoned miscellaneous commercial, providing flexibility for appropriate commercial development subject to local approvals.

The site is located adjacent to a new multi-family development comprising 152 units. This adjacency may support commercial uses that benefit from nearby residential foot traffic.

For buyers considering development, the property’s primary features are its acreage and its miscellaneous commercial zoning, which should be reviewed alongside the buyer’s intended site plan and permitting requirements.

Key Highlights

• 2.09‑acre commercial land parcel
• Zoned miscellaneous commercial
• Adjacent to a new 152‑unit multi‑family development

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Big Box & Wholesale Store Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

Explore this area Business Placement

Demographics for 55024, MN

35,948

Population

12,840

Households

2.8

Avg Household Size

35

Median Age

37%

College-Educated

94%

High-School Grad

85.1 sq mi

ZIP Area

422

Density / Sq Mi

$123,582

Median Household Income

$61,349

Median Earnings

$1,427

Median Rent

$350,500

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Two-acre commercial land parcel zoned miscellaneous commercial, positioned adjacent to a new 152-unit multi-family development.

Where is this commercial land located?

The property is located at 4650 Knutsen Dr Farmington, MN.

What are key features of this property?

This property features: 2.09‑acre commercial land parcel; Zoned miscellaneous commercial; Adjacent to a new 152‑unit multi‑family development