Bloomington Land for Residential
For Sale
$925,000
8545 Penn Avenue S, Bloomington, MN 55431
Land, Bloomington, MN
Property SizeContact for details
Lot Size1.88 Acres
Days on Market539
Property Features for 8545 Penn Avenue S
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential-Single Family
High school district
Bloomington
Directions
Penn Ave to property
Standard status
Active
APN
0402724330001
Lot size
1.88 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2057
Utilities
Utilities
Water Available
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 431-2400
Listed By:
Tim Murphy
(952) 829-2900
Added: Feb 26, 2025
Changed: Aug 19
Last Checked: Aug 19 at 11:06PM
MLS# 6641244
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 1.88-acre site is located in Bloomington and is zoned R-3 for medium-density residential development. Permitted uses include townhomes, duplexes, triplexes, fourplexes, detached townhomes (villas), and cottage courts. The site has a prior approved site plan with access to 86th Street and Penn Avenue (emergency exit). The lot size is 0.99 acres.
Key Highlights
- Zoned R‑3 for medium‑density development
- 1.88 acre site in Bloomington**
- Potential for townhomes, duplexes, triplexes, fourplexes, detached townhomes (villas), or cottage courts
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 55431, MN
19,767
Population
8,483
Households
2.3
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
2,534
Density / Sq Mi
$103,125
Median Household Income
$55,545
Median Earnings
$1,704
Median Rent
$354,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 1.88 acre site zoned for medium density residential development.
Where is this land located?
The property is located at 8545 Penn Avenue S Bloomington, MN.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Zoned R‑3 for medium‑density development; 1.88 acre site in Bloomington**; Potential for townhomes, duplexes, triplexes, fourplexes, detached townhomes (villas), or cottage courts
