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    St. Croix Rd Pine City, MN 55063

    Sponsored
    For Sale
    $1,246,000

    62 Acres, Residential Zoning, MN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 62.3-acre parcel presents a unique residential development opportunity in Pine City, Minnesota. Located at 0 St. Croix Rd SE, 55063, this property boasts convenient access via paved St. Croix Rd SE/Co. 8 and gravel Freedom Rd, with utilities readily available. Electric, gas, and phone lines run along the northern boundary, while city water and sewer extension is planned from the north. The city of Pine City has already completed the annexation process, recognizing the high demand for housing in this desirable area. Pine City's appeal extends beyond its proximity to the Minneapolis/St. Paul metropolitan area; it's also a resort town with access to 3,000 acres of navigable waterways via Pokegama and Cross Lakes, and features eleven city parks offering diverse recreational amenities. The city is actively encouraging development and is open to discussing Tax Increment Financing (TIF) and other incentives to support projects. The zoning change process is straightforward, with applications due by the 1st of each month, followed by Planning Commission review on the 4th Monday and City Council review on the 1st Wednesday of the following month. This property offers significant potential for a developer seeking to capitalize on the current housing shortage in a scenic and amenity-rich location. The APN is R26.0169.000 and R26.0168.000. The asking price is $1,246,000.

    Property Features for 0 St. Croix Rd

    General Information

    Property type
    Land
    Lot Size
    2,713,788 SF

    HighLights

    • 62.3 acres of residential land available in Pine City, MN; city annexation complete. High demand for housing.
    • Utilities: Electric, gas, and phone lines on the north property line; city water and sewer extension planned from the north. Paved and gravel road access.
    • Access to 3,000 acres of navigable waterways and 11 city parks.
    • Numerous city parks offer various recreational opportunities.
    • City open to Tax Increment Financing (TIF) and other development incentives.
    • Straightforward zoning change process; application deadline is the 1st of the month. Planning Commission and City Council review process outlined.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pine City
    County
    Pine
    State
    Minnesota
    Longitude
    -92.955628953138
    Latitude
    45.813507974997

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    FAQs

    What type of property is this?
    Land - 62 Acres, Residential Zoning, MN
    Where is this land located?
    The property is located at St. Croix Rd Pine City, MN.
    What is the asking price?
    The asking price for this property is $1,246,000.
    What are key features of this property?
    This property features: 62.3 acres of residential land available in Pine City, MN; city annexation complete. High demand for housing.; Utilities: Electric, gas, and phone lines on the north property line; city water and sewer extension planned from the north. Paved and gravel road access.; Access to 3,000 acres of navigable waterways and 11 city parks.
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    Pine City, MN 55063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    St. Croix Rd Pine City, MN 55063
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