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    1225 80Th St Inver Grove Heights, MN 55077

    Sponsored
    For Sale
    Contact for pricing

    13-Acre Development Opportunity, MN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.15-acre commercial land parcel in Inver Grove Heights, Minnesota, presents a unique redevelopment opportunity. Strategically located near major roadways including Highways 55, 3, 52, and I-494, this property boasts unparalleled accessibility. The site currently features three existing buildings, which can be demolished to facilitate new construction. The land itself comprises a mix of gravel and sand, adding to its development potential. The property is divided into two parcels: Parcel ID 20-00800-54-013 encompasses 4.97 acres (216,493 sq ft) with 2024 taxes of $3,474, while Parcel ID 20-00800-54-014 covers 8.18 acres (356,321 sq ft) and has 2024 taxes of $7,348. The area is experiencing significant growth, with 1,101 new housing units (516 single-family, 585 multi-family) approved for construction nearby. This surge in residential development creates a strong demand for commercial services and amenities. The property's current zoning is Agricultural/Residential, but future zoning will be Commercial – Retail, Office, Medical, and Residential, offering considerable flexibility for a wide range of development projects. The address is 1225 80th St E, Inver Grove Heights, MN 55077. The sale price is negotiable. This is an ideal investment for developers seeking to capitalize on the burgeoning growth of Inver Grove Heights and its prime location within a thriving community. Nearby established businesses include Target, Starbucks, and other local amenities.

    Property Features for 1225 80Th St

    General Information

    Property type
    Land
    Lot Size
    216,493 SF

    HighLights

    • Excellent access to major roadways: Hwy 55, Hwy 3, Hwy 52, and I‑494.
    • High‑growth community with new residential development.
    • Approved plans for 1,101 new housing units (516 single‑family, 585 multi‑family) in Inver Grove Heights.
    • Three existing buildings on site, ideal for redevelopment.
    • Property includes gravel and sand.
    • Parcel ID 20‑00800‑54‑013: 4.97 acres (216,493 sq ft), 2024 taxes: $3,474; Parcel ID 20‑00800‑54‑014: 8.18 acres (356,321 sq ft), 2024 taxes: $7,348.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Clothing Store Auto Parts Store Gym & Fitness Pharmacy Skin Care Clinic Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0811456
    Latitude
    44.8334588

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    FAQs

    What type of property is this?
    Land - 13-Acre Development Opportunity, MN
    Where is this land located?
    The property is located at 1225 80Th St Inver Grove Heights, MN.
    What are key features of this property?
    This property features: Excellent access to major roadways: Hwy 55, Hwy 3, Hwy 52, and I-494.; High-growth community with new residential development.; Approved plans for 1,101 new housing units (516 single-family, 585 multi-family) in Inver Grove Heights.
    (612) 310-5399
    Request Owner's contact information
    1225 80Th St Inver Grove Heights, MN 55077
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    Inver Grove Heights, MN 55077
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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
    1225 80Th St Inver Grove Heights, MN 55077
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