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    179th St Lakeville, MN 55044

    Sponsored
    For Sale
    Contact for pricing

    6.69 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.69-acre commercial land parcel presents a unique investment opportunity in the thriving city of Lakeville, Minnesota. Strategically located within the M-2 Mixed Use Cedar Corridor District, this property boasts excellent visibility and accessibility with frontage on Cedar Avenue, 179th Street, and Glacier Avenue. Utilities are readily available on-site, and access is provided via 197th Street, Glenshaw, and Glacier Avenues. The site is ideally positioned near Lakeville Area Schools (ISD 194), parks, and a Park N Ride, ensuring high traffic and visibility. The area is experiencing significant growth, with 2,500 new housing units currently under construction or planned within a two-mile radius. Lakeville's robust housing market is further evidenced by its ranking as the #1 city for housing permits in Minnesota from 2018-2020, with 4,838 permits issued since 2010. Recent infrastructure improvements, including the completion of Glacier Avenue and 179th Avenue, enhance the property's appeal. The buyer will be responsible for a pro-rata share of the Glenshaw Avenue construction costs. This prime location and the surrounding development activity make this a compelling opportunity for mixed-use development, catering to both retail and residential needs. The property's zoning and location offer significant potential for a variety of commercial ventures.

    Property Features for 179th St

    General Information

    Property type
    Land
    Lot Size
    291,416 SF

    HighLights

    • 6.69‑acre commercial land parcel in Lakeville, MN.
    • M‑2 Mixed‑Use zoning in the Cedar Corridor District.
    • Frontage on Cedar Ave, 179th St, and Glacier Ave, with utilities and site access available.
    • Located near schools, parks, and a Park & Ride.
    • Surrounded by significant residential growth, with 2,500+ new housing units planned or under construction within 2 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lakeville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.216157434333
    Latitude
    44.691491334141

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    FAQs

    What type of property is this?
    Land - 6.69 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 179th St Lakeville, MN.
    What are key features of this property?
    This property features: 6.69-acre commercial land parcel in Lakeville, MN.; M-2 Mixed-Use zoning in the Cedar Corridor District.; Frontage on Cedar Ave, 179th St, and Glacier Ave, with utilities and site access available.
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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
    179th St Lakeville, MN 55044
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