534 Labeaux Ave Hanover, MN 55341
- Mixed-use properties
- 8 SF
- 7.74 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 534 Labeaux Ave
- Year built
- 1977
- Lot size
- 7.74 lot acres
- Property size
- 8 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Hanover, Minnesota presents a compelling redevelopment opportunity. Located at 534 Labeaux Ave NE, this 7.74-acre site boasts high visibility on County Road 19 and includes four parcels. The existing structures comprise a 2,505 square foot home and a total of 9,835 square feet of shop buildings. The property is zoned 3A and offers significant potential for a variety of commercial uses. Built in 1977, the single-story buildings sit on a large lot, providing ample space for expansion or new construction. The asking price is $2,200,000, with a price per square foot of $275,000 based on the existing 8 square feet of building space. This represents a unique chance to acquire a substantial property with considerable upside in a desirable location. Note that an additional 14.23 acres may also be available. This property is ideal for investors seeking a high-impact redevelopment project with excellent visibility and access. The property's location in Wright County, Minnesota, offers easy access to major transportation routes and a growing community. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving area.
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
- Hanover
- County
- Wright
- State
- Minnesota
- Longitude
- -93.6636
- Latitude
- 45.1601
