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    OFF-MARKET
    Land

    11991 120Th St, Hastings, MN 55033

    3.88 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.877-acre commercial land parcel presents a remarkable development opportunity in Cottage Grove, Minnesota. Strategically located at 11991 120th St S, 55033, this property boasts exceptional visibility and accessibility, with approximately 35,000 vehicles passing daily. Its prime location offers easy access to major retailers including Fleet Farm, Target, Menard's, Hy-Vee, Walmart, TJ Maxx, and HomeGoods, ensuring high traffic and consumer visibility for any development. Furthermore, the site's proximity to Allina Health United Hospital underscores its potential for medical-related businesses. The surrounding area demonstrates strong economic indicators, with an average household income within one mile exceeding $181,917. This suggests a robust and affluent consumer base ideal for various commercial ventures. Potential uses for this land include, but are not limited to, medical facilities, office buildings, convenience stores, retail spaces, multi-family residential developments, and financial institutions such as banks or credit unions. The property's size and location make it an attractive investment for developers seeking a high-impact project in a thriving community. A drone video showcasing the property is available online. This is a rare opportunity to acquire a significant land parcel in a rapidly growing area just 18 miles from St. Paul.

    Property profile
    Verified
    Property type Land
    Lot 3.88 ac (168,882 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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