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    OFF-MARKET
    Land

    4th Ave & Pierce St, Anoka, MN 55303

    6.6 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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