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 in Pine City, Minnesota, presents a remarkable opportunity for residential development. Located at 0 St Croix Rd SE, 55063, this property boasts convenient access to paved and gravel roads. City annexation is complete, and Pine City actively seeks additional land for housing projects, making this a highly desirable location. Utilities are readily available, with electric, gas, and phone lines along the northern boundary. Water and sewer extension is planned from the north. The city is receptive to discussing tax increment financing (TIF) and other incentives to encourage development. Rezoning is a straightforward process, with application details available. Pine City's appeal extends beyond its proximity to the Minneapolis/St. Paul metropolitan area; it's also a popular resort town. The property's APN is R26.0169.000; R26.0168.000. The asking price is $1,246,000, representing a land value of $20,000 per acre. This represents a unique chance to capitalize on the growing demand for housing in a desirable and supportive community. The property is zoned for residential development, offering significant potential for a variety of housing projects. The city's proactive approach to development, coupled with the property's strategic location and readily available utilities, makes this an exceptional investment opportunity.
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
- -92.9576
- Latitude
- 45.8174
