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Prime Development Land Across Target
For Sale
$16,143,000

700 10th Street E, Waconia, MN 55387

Land, Waconia, MN

Property SizeContact for details
Lot Size76.70 Acres
Days on Market101

Property Features for 700 10th Street E

General Information

Property type Land
Property subtype Other
Zoning description Industrial, Residential-Multi-Family, Residential-Single Family
High school district Waconia
Directions Hwy 5 to E Main Street to E 10th Street.
Standard status Active
Lot size 76.70 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3198

Utilities

Utilities Water Available
Listing Agency: RE/MAX Advantage Plus · RE/MAX International
Listed By: Jeffrey A. Schulz · License #20331505
Added: May 12 Changed: Aug 19 Last Checked: Aug 20 at 9:06AM
MLS# 7072291

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The offering is a 76.7-acre commercial land development parcel in Waconia, Minnesota. The site is described as landscaped and positioned for a landmark-scale project, with guidance supporting commercial, retail, mixed use, or residential development options. The property is being marketed for buyers seeking a larger-format tract rather than a small infill lot.

The parcel is located at 700 10th Street E in Carver County. Public remarks note the property’s proximity to Target, positioning it for visibility from a high-profile retail neighbor. This cross-access area context is intended to support a range of development concepts where exposure and accessibility are important.

For tenants, owners, and developers, the scale of the tract supports planning flexibility across multiple land-use categories reflected in the listing’s stated development guidance. Prospective users include commercial and retail developers, mixed-use operators planning a combined program, or residential developers looking for larger acreage. Interested parties should confirm development requirements and the specific approvals applicable to their intended use, since those details are not provided in the listing materials.

Key Highlights

  • 76.7‑acre land parcel in Waconia
  • Water available
  • Site is guided for commercial, retail, mixed use, or residential use

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store Bakery

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

205
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 76.7 acres of development land guided for commercial, retail, mixed-use, or residential uses near Target in Waconia.
Where is this commercial land located?
The property is located at 700 10th Street E Waconia, MN.
What is the asking price?
The asking price for this property is $16,143,000.
What are key features of this property?
This property features: 76.7‑acre land parcel in Waconia; Water available; Site is guided for commercial, retail, mixed use, or residential use
More about this property
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