Property profile

5XXX State Highway 70 Pine City, MN 55063

OFF-MARKET
Specialty properties
37.95 ac lot
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Property summary

AI-generated overview

This exceptional 37.95-acre commercial land parcel presents a unique investment opportunity in Pine City, Minnesota. Strategically situated at the southwest junction of US I-35 and State Highway 70, this property boasts unparalleled visibility and accessibility. Zoned for Business/Commercial use, it offers a wide range of development possibilities, including retail, professional services, restaurants, and light manufacturing. The site features approximately 388 feet of frontage along US I-35, 473 feet along the I-35 southbound on-ramp, and 675 feet along State Highway 70, ensuring maximum exposure to high traffic volumes. An existing billboard lease adds to the property's income potential. Utilities include readily available electricity, while well and septic systems, and LP gas are typical for this area. The property's location midway between the Twin Cities and Duluth, within a thriving tourism region featuring state parks and forests, further enhances its appeal. Neighboring businesses include established names like Cemstone Concrete, Federated Co-op, and several popular restaurants and bars. Prospective buyers are advised to independently verify all zoning regulations, dimensions, and other details with the City of Rock Creek (cityofrockcreek.org) and review the zoning ordinance provided in the offering memorandum. The asking price for this remarkable property is $549,000. The property's APN is 43.0344.000.

Property profile

Verified
Property type Specialty properties
Lot 37.95 ac (1,653,102 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5XXX State Highway 70 Pine City, MN 55063
Pine City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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