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    11991 120Th St Hastings, MN 55033

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    For Sale
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    3.877 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.877-acre commercial land parcel presents a remarkable development opportunity in Cottage Grove, Minnesota. Strategically located at 11991 120th St S, 55033, this property boasts exceptional visibility and accessibility, with approximately 35,000 vehicles passing daily. Its prime location offers easy access to major retailers including Fleet Farm, Target, Menard's, Hy-Vee, Walmart, TJ Maxx, and HomeGoods, ensuring high traffic and consumer visibility for any development. Furthermore, the site's proximity to Allina Health United Hospital underscores its potential for medical-related businesses. The surrounding area demonstrates strong economic indicators, with an average household income within one mile exceeding $181,917. This suggests a robust and affluent consumer base ideal for various commercial ventures. Potential uses for this land include, but are not limited to, medical facilities, office buildings, convenience stores, retail spaces, multi-family residential developments, and financial institutions such as banks or credit unions. The property's size and location make it an attractive investment for developers seeking a high-impact project in a thriving community. A drone video showcasing the property is available online. This is a rare opportunity to acquire a significant land parcel in a rapidly growing area just 18 miles from St. Paul.

    Property Features for 11991 120Th St

    General Information

    Property type
    Land
    Lot Size
    168,882 SF

    HighLights

    • 3.877‑acre commercial land parcel in Cottage Grove, MN.
    • Excellent location near Allina Health United Hospital, major retailers (Fleet Farm, Target, Menards, etc.), and high household income ($181,917 within 1 mile).
    • High traffic count (35,000 vehicles per day) and proximity to St. Paul (18 miles).
    • Development potential for various uses including medical, office, retail, multi‑family, and financial institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Daycare Center HVAC Service Storage Facility Wine and Liquor Store Car Rental Pet Grooming Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Washington
    State
    Minnesota
    Longitude
    -92.8648922
    Latitude
    44.7752326

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    FAQs

    What type of property is this?
    Land - 3.877 Acres, Prime Development Site
    Where is this land located?
    The property is located at 11991 120Th St Hastings, MN.
    What are key features of this property?
    This property features: 3.877-acre commercial land parcel in Cottage Grove, MN.; Excellent location near Allina Health United Hospital, major retailers (Fleet Farm, Target, Menards, etc.), and high household income ($181,917 within 1 mile).; High traffic count (35,000 vehicles per day) and proximity to St. Paul (18 miles).
    (612) 868-1868
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    11991 120Th St Hastings, MN 55033
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    Hastings, MN 55033
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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
    11991 120Th St Hastings, MN 55033
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