4th Ave & Pierce St, Anoka, MN 55303
This exceptional 6.6-acre land parcel presents a unique redevelopment opportunity in Anoka, Minnesota. Located at the intersection of 4th Avenue and Pierce Street, the property boasts convenient access to Highway 10 and is immediately adjacent to the NorthStar Commuter Rail Station, making it ideally suited for Transit-Oriented Development (TOD). The site is zoned TOD-E (Transit-Oriented Development - Employee), offering significant potential for various mixed-use projects catering to the commuter and employee population. Utilities are readily available on-site. The property consists of two parcels, APN 06-31-24-24-0089 and 06-31-24-24-0088, totaling approximately 6.6 acres. Its previous industrial use offers a clean slate for innovative development. The location within Anoka-Hennepin ISD #11 provides access to a strong local school system. This strategic location and zoning designation make this property an exceptional investment opportunity for developers seeking to capitalize on the growing demand for transit-oriented projects. The ease of access to major transportation arteries and the proximity to the commuter rail station ensure high visibility and accessibility for future developments. This is a rare chance to acquire a significant land parcel in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.