42 Hwy, Medina, MN 55340
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.