Corner Development
For Sale
$575,000
8054 Spring Lake Road NE, Spring Lake Park, MN 55432
Land, Spring Lake Park, MN
Property SizeContact for details
Lot Size1.66 Acres
Days on Market107
Property Features for 8054 Spring Lake Road NE
General Information
Property type
Land
Property subtype
Other
Zoning description
Business/Commercial
Subdivision
Auditors Sub 89
Lot features
Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
High school district
Mounds View
Directions
From Hwy 65 & Hwy 10, go east on Hwy 10 to Spring Lake Road NE, Property is on the corner of Hwy 10 and Spring Lake Road.
Standard status
Active
APN
063023320043
Lot size
1.66 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4440
Utilities
Utilities
Natural Gas Available
Building Details
Year built
1937
Listing Agency:
Counselor Realty
(952) 921-0911
Listed By:
Mary Sabby
(763) 390-3017
Added: May 5
Changed: Aug 19
Last Checked: Aug 19 at 8:06PM
MLS# 7068759
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.
This 1.661-acre corner property on Hwy 10 includes an existing single-family home that is a teardown and is being sold as-is. The current zoning is C2, which the remarks indicate has limited commercial uses. The Comprehensive Plan guides the site for medium-density residential development, up to 10 units per acre, and the city has indicated receptiveness to R-3 rezoning.
The location is positioned for strong roadway visibility with “excellent visibility” and “high traffic counts” cited in the remarks. The property’s development pathway is supported by the plan designation for medium-density housing, with the potential to pursue R-3 rezoning subject to buyer verification of all zoning, density, and development requirements.
For developers and housing operators, the plan guidance aligns with townhome, multifamily, or senior housing concepts discussed in the remarks. The seller notes that senior housing may benefit from reduced parking requirements, which could support a more efficient site layout. The remarks also reference nearby housing demand, including extended waitlists for 2-bedroom units and rent rates around $1700/month. All zoning, density, market, and development criteria are subject to buyer verification.
The location is positioned for strong roadway visibility with “excellent visibility” and “high traffic counts” cited in the remarks. The property’s development pathway is supported by the plan designation for medium-density housing, with the potential to pursue R-3 rezoning subject to buyer verification of all zoning, density, and development requirements.
For developers and housing operators, the plan guidance aligns with townhome, multifamily, or senior housing concepts discussed in the remarks. The seller notes that senior housing may benefit from reduced parking requirements, which could support a more efficient site layout. The remarks also reference nearby housing demand, including extended waitlists for 2-bedroom units and rent rates around $1700/month. All zoning, density, market, and development criteria are subject to buyer verification.
Key Highlights
- 1.7‑acre corner site on Hwy 10 with utilities including natural gas available
- Currently zoned C2 with the comprehensive plan guiding the property for medium‑density residential (up to 10 units per acre)
- City indicated receptiveness to R‑3 rezoning (buyer to verify all zoning and development requirements)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 55432, MN
33,022
Population
13,575
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,336
Density / Sq Mi
$77,985
Median Household Income
$48,417
Median Earnings
$1,308
Median Rent
$278,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner site on Hwy 10 with current C2 zoning and a comprehensive plan that supports medium-density residential development.
Where is this residential land & home lot located?
The property is located at 8054 Spring Lake Road NE Spring Lake Park, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1.7‑acre corner site on Hwy 10 with utilities including natural gas available; Currently zoned C2 with the comprehensive plan guiding the property for medium‑density residential (up to 10 units per acre); City indicated receptiveness to R‑3 rezoning (buyer to verify all zoning and development requirements)
