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    42 Hwy Medina, MN 55340

    For Sale
    Contact for pricing

    2.71 acres, R4 Zoning, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.71-acre land parcel presents a remarkable investment opportunity in Medina, Minnesota. Strategically located on Highway 55 and with convenient access to Highway 101, this property boasts high visibility and excellent connectivity. The land is zoned Multiple Family (R4), opening doors to a variety of development possibilities. Considered ideal for senior housing, market-rate apartments, or co-op housing, this site offers significant potential for substantial returns. The property includes three separate parcels with APNs: 1211823140004, 1211823410008, 1211823410005, and 1211823410006. Situated in Hennepin County, with addresses at 42, 62, and 72 Highway 55, Medina, MN 55340, this location offers easy access to amenities and a thriving community. The property's prime location and flexible zoning make it an attractive proposition for developers seeking to capitalize on the growing demand for residential housing in the area. Don't miss this chance to acquire a highly desirable and versatile land parcel with significant development potential. Detailed site plans and zoning information are available upon request.

    Property Features for 42 Hwy

    General Information

    Property type
    Land
    Lot Size
    118,048 SF

    HighLights

    • High‑visibility frontage on Highways 55 and 101.
    • Excellent site for senior housing, market‑rate apartments, or cooperative housing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Medina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5233516
    Latitude
    45.0437988

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    FAQs

    What type of property is this?
    Land - 2.71 acres, R4 Zoning, Multifamily Potential
    Where is this land located?
    The property is located at 42 Hwy Medina, MN.
    What are key features of this property?
    This property features: High-visibility frontage on Highways 55 and 101.; Excellent site for senior housing, market-rate apartments, or cooperative housing.;
    Request Owner's contact information
    42 Hwy Medina, MN 55340
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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
    42 Hwy Medina, MN 55340
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