Property profile

4th Ave & Pierce St Anoka, MN 55303

OFF-MARKET
Land
6.6 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 6.6 ac (287,496 SF)

Cap rate & NOI

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

Location

4th Ave & Pierce St Anoka, MN 55303
Anoka 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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