100th & Ideal Ave S Cottage Grv Cottage Grove, MN 55016

Property Details for 100th & Ideal Ave S Cottage Grv

Lot size

5.20 lot acres

Property type

Land

Description

This exceptional offering presents a significant land assembly opportunity in Cottage Grove, Minnesota, encompassing a total of approximately 82.5 acres across three parcels. Parcel A, comprising four individual parcels ranging from 5.2 to 11.5 acres, is strategically positioned adjacent to the new 3.5 million square foot Northpoint Industrial Park. This parcel is undergoing rezoning for medium/high density residential development, presenting a compelling opportunity for residential construction. Infrastructure improvements, including road, sewer, and water lines, are slated for completion in summer 2023. A deferred assessment will apply to the buyer for their proportionate share of these infrastructure costs. Parcel A is listed at $4.00 per square foot. While the seller prefers to sell the four parcels within Parcel A to a single buyer, individual sales will be considered. Parcels B and C, totaling 32.15 and 28.13 acres respectively, are currently under contract. The combined asking price for Parcel C is $2,450,348. This property is zoned Ag1 & Ag2, offering significant potential for future development given its prime location and proximity to major infrastructure. The property is located at 100th Street S & Ideal Ave S, Cottage Grove, MN 55016, within Washington County.