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    1515 Central Pkwy Eagan, MN 55121

    Sponsored
    For Sale
    $915,900

    1-Acre Commercial Land, RD Zoning, Eagan, MN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the thriving city of Eagan, Minnesota. Located at 1515 Central Parkway, this property boasts a highly desirable location, situated in the heart of Eagan's vibrant commercial district. The site is conveniently positioned near a diverse array of amenities, including over 20 restaurants, Hy-Vee, Aldi, Goddard School, and Hobby Lobby, ensuring high visibility and accessibility for any business. Its proximity to the Eagan Community Center provides access to walking trails and a state-of-the-art fitness center. Furthermore, the property benefits from excellent connectivity to major transportation arteries, offering easy access to 35E and 494, facilitating seamless commutes to the airport and downtown areas. Currently zoned for Research and Development (RD), the city is open to considering rezoning applications for retail or medical office uses, subject to specific conditions. Drive-thru retail uses are not permitted. This prime location, coupled with the city's willingness to explore alternative zoning options, makes this property an ideal platform for a variety of commercial ventures. The asking price for this exceptional opportunity is $915,900. The property's zip code is 55121, and it is located in Dakota County.

    Property Features for 1515 Central Pkwy

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Law Firm Wholesale Shop Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Dental Office Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.173421490257
    Latitude
    44.837259381252

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    FAQs

    What type of property is this?
    Land - 1-Acre Commercial Land, RD Zoning, Eagan, MN
    Where is this land located?
    The property is located at 1515 Central Pkwy Eagan, MN.
    What is the asking price?
    The asking price for this property is $915,900.
    (612) 868-7429
    Request Owner's contact information
    1515 Central Pkwy Eagan, MN 55121
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    Eagan, MN 55121
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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
    1515 Central Pkwy Eagan, MN 55121
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