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    St Croix Rd Pine City, MN 55063

    Sponsored
    For Sale
    $1,246,000

    62.3 Acres, Residential Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 62.3-acre parcel in Pine City, Minnesota, presents a remarkable opportunity for residential development. Located at 0 St Croix Rd SE, 55063, this property boasts convenient access to paved and gravel roads. City annexation is complete, and Pine City actively seeks additional land for housing projects, making this a highly desirable location. Utilities are readily available, with electric, gas, and phone lines along the northern boundary. Water and sewer extension is planned from the north. The city is receptive to discussing tax increment financing (TIF) and other incentives to encourage development. Rezoning is a straightforward process, with application details available. Pine City's appeal extends beyond its proximity to the Minneapolis/St. Paul metropolitan area; it's also a popular resort town. The property's APN is R26.0169.000; R26.0168.000. The asking price is $1,246,000, representing a land value of $20,000 per acre. This represents a unique chance to capitalize on the growing demand for housing in a desirable and supportive community. The property is zoned for residential development, offering significant potential for a variety of housing projects. The city's proactive approach to development, coupled with the property's strategic location and readily available utilities, makes this an exceptional investment opportunity.

    Property Features for 0 St Croix Rd

    General Information

    Property type
    Land
    Lot Size
    2,713,788 SF

    HighLights

    • $1,246,000 asking price.
    • 62.3‑acre land parcel.
    • Residential development zoning permitted.
    • $20,000 per acre land value.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pine City
    County
    Pine
    State
    Minnesota
    Longitude
    -92.9576393
    Latitude
    45.8174063

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    FAQs

    What type of property is this?
    Land - 62.3 Acres, Residential Zoning
    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: $1,246,000 asking price.; 62.3-acre land parcel.; Residential development zoning permitted.
    Request Owner's contact information
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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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