Property Details for 709 Norman Ave

Lot size

130.78 lot acres

Property type

Land

Description

This exceptional 130.78-acre property presents a unique investment opportunity in Foley, Minnesota. Ideally situated within city limits, this land offers convenient access to Highway 25 and Highway 23, providing easy commutes to Saint Cloud. The property boasts a prime location directly across from local schools and just blocks from the Central Business District, ensuring high visibility and accessibility. The city of Foley has recently approved zoning for residential and commercial development, opening doors for a variety of projects. This includes potential for mixed-use developments, twin homes, single-family residences, and 55+ communities, aligning with the city's vision for expansion. The land itself is notably flat, simplifying development and reducing potential costs. The sale includes three parcels, one of which features a 0.63-acre farmstead. Furthermore, the property benefits from its adjacency to existing city services and the potential for public incentives from both the city of Foley and Benton County to support the right development. The city is actively seeking development that incorporates commercial elements such as restaurants, retail spaces, and office buildings within a mixed-use plan. This presents a compelling opportunity to contribute to Foley's growth while capitalizing on significant potential returns. The asking price for this expansive and strategically located land is $3,100,000.

Location Insight

City

Foley

County

benton

State

Minnesota

Longitude

-93.9156

Latitude

45.6703