Property profile

4th Ave & Pierce St Anoka, MN 55303

OFF-MARKET
Land
1.06 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.06 ac (46,174 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4th Ave & Pierce St Anoka, MN 55303
Anoka metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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