23 Shadowwood Dr Hwy Sauk Rapids, MN 56379
This exceptional 22.88-acre commercial land parcel presents a remarkable development opportunity in Sauk Rapids, Minnesota. Strategically located just off Highway 23, approximately three miles east of St. Cloud, this property boasts high visibility and convenient access to major transportation routes. Zoned C-3 Highway Business District, it's ideally suited for a variety of commercial uses, including industrial or office-service developments. The property features an estimated frontage of approximately 54 feet along Shadowwood Drive NE (Hwy 23) and 30 feet along 35th Avenue NE (CR 80), offering ample space for significant construction. Access is provided via Shadowwood Drive NE and 35th Avenue NE. Detailed lot dimensions are available in the property documents and should be independently verified by the purchaser. The asking price is $249,000, and the 2021 property taxes were $1,618. Note that a well will need to be installed. This prime location within a growing commercial area offers exceptional potential for investors and developers seeking a high-traffic, easily accessible site. The property's APN is 090045904 & 090065800.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.