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    4th Ave & Pierce St Anoka, MN 55303

    Sponsored
    For Sale
    $195,700

    1.06 Acres, Transit-Oriented Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.06-acre land parcel presents a unique investment opportunity in Anoka, Minnesota. Ideally situated at the intersection of 4th Avenue and Pierce Street, the property boasts immediate access to major thoroughfares including 4th Avenue, 5th Avenue, and Johnson Street, providing excellent connectivity. Furthermore, its proximity to Highway 10 ensures effortless regional access. A significant advantage is the adjacency to the NorthStar Commuter Rail Station, catering to a growing transit-oriented market. The site is equipped with readily available utilities, simplifying development plans. The property is zoned TOD-E (Transit-Oriented Development - Employee), opening doors to a variety of development possibilities tailored to the needs of commuters and employees. The Anoka-Hennepin ISD #11 designation adds to its appeal for projects incorporating residential or mixed-use components. The parcel is identified by APN numbers 06-31-24-23-0103, 06-31-24-23-0104, and 06-31-24-23-0105. This prime location, coupled with its convenient access to transportation and utilities, makes this a highly desirable site for forward-thinking developers. The asking price for this exceptional property is $195,700. Don't miss this chance to acquire a strategically located land parcel in a thriving community.

    Property Features for 4th Ave & Pierce St

    General Information

    Property type
    Land
    Lot Size
    46,174 SF

    HighLights

    • Excellent 4th Ave, 5th Ave, and Johnson St access; easy Hwy 10 access.
    • NorthStar Commuter Rail Station adjacency.
    • Utilities on‑site.
    • Anoka‑Hennepin School District #11.
    • Transit‑Oriented Development (TOD‑E) zoning.
    • 1.06‑acre site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Anoka
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3853388
    Latitude
    45.2066725

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    FAQs

    What type of property is this?
    Land - 1.06 Acres, Transit-Oriented Development
    Where is this land located?
    The property is located at 4th Ave & Pierce St Anoka, MN.
    What is the asking price?
    The asking price for this property is $195,700.
    What are key features of this property?
    This property features: Excellent 4th Ave, 5th Ave, and Johnson St access; easy Hwy 10 access.; NorthStar Commuter Rail Station adjacency.; Utilities on-site.
    Request Owner's contact information
    4th Ave & Pierce St Anoka, MN 55303
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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
    4th Ave & Pierce St Anoka, MN 55303
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