St. Croix Rd Pine City, MN 55063
- Land
- 62.30 lot acres
Current Use by Public Records
- Land
Property Details for 0 St. Croix Rd
- Lot size
- 62.30 lot acres
- Property type
- Land
Description
This exceptional 62.3-acre parcel presents a unique residential development opportunity in Pine City, Minnesota. Located at 0 St. Croix Rd SE, 55063, this property boasts convenient access via paved St. Croix Rd SE/Co. 8 and gravel Freedom Rd, with utilities readily available. Electric, gas, and phone lines run along the northern boundary, while city water and sewer extension is planned from the north. The city of Pine City has already completed the annexation process, recognizing the high demand for housing in this desirable area. Pine City's appeal extends beyond its proximity to the Minneapolis/St. Paul metropolitan area; it's also a resort town with access to 3,000 acres of navigable waterways via Pokegama and Cross Lakes, and features eleven city parks offering diverse recreational amenities. The city is actively encouraging development and is open to discussing Tax Increment Financing (TIF) and other incentives to support projects. The zoning change process is straightforward, with applications due by the 1st of each month, followed by Planning Commission review on the 4th Monday and City Council review on the 1st Wednesday of the following month. This property offers significant potential for a developer seeking to capitalize on the current housing shortage in a scenic and amenity-rich location. The APN is R26.0169.000 and R26.0168.000. The asking price is $1,246,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pine City
- County
- Pine
- State
- Minnesota
- Longitude
- -92.9556
- Latitude
- 45.8135
