Property profile

42 Hwy Medina, MN 55340

OFF-MARKET
Land
2.71 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 2.71 ac (118,048 SF)

Cap rate & NOI

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

Location

42 Hwy Medina, MN 55340
Medina metro
Google Maps

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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