Current Use by Public Records
- Land
Property Details for 179th St
- Lot size
- 6.69 lot acres
- Property type
- Land
Description
This exceptional 6.69-acre commercial land parcel presents a unique investment opportunity in the thriving city of Lakeville, Minnesota. Strategically located within the M-2 Mixed Use Cedar Corridor District, this property boasts excellent visibility and accessibility with frontage on Cedar Avenue, 179th Street, and Glacier Avenue. Utilities are readily available on-site, and access is provided via 197th Street, Glenshaw, and Glacier Avenues. The site is ideally positioned near Lakeville Area Schools (ISD 194), parks, and a Park N Ride, ensuring high traffic and visibility. The area is experiencing significant growth, with 2,500 new housing units currently under construction or planned within a two-mile radius. Lakeville's robust housing market is further evidenced by its ranking as the #1 city for housing permits in Minnesota from 2018-2020, with 4,838 permits issued since 2010. Recent infrastructure improvements, including the completion of Glacier Avenue and 179th Avenue, enhance the property's appeal. The buyer will be responsible for a pro-rata share of the Glenshaw Avenue construction costs. This prime location and the surrounding development activity make this a compelling opportunity for mixed-use development, catering to both retail and residential needs. The property's zoning and location offer significant potential for a variety of commercial ventures.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakeville
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.2162
- Latitude
- 44.6915
