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    OFF-MARKET
    Land

    42 Hwy, Medina, MN 55340

    2.71 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.71-acre parcel presents a unique development opportunity in Medina, Minnesota. Strategically located on Highway 55 and with access via Highway 101, this property boasts unparalleled visibility and convenient access. The R4 zoning designation permits high-density residential development, making it ideal for a variety of projects, including senior housing, market-rate apartments, or co-op housing. The site is guided for High Density Residential (HDR) development, aligning with current market demands. Situated within the highly desirable Wayzata School District #284, this location offers significant appeal to potential residents. Access to the property is facilitated by an access road on the north side, providing convenient ingress and egress. The expansive lot size provides ample space for a substantial development, while the prime location ensures strong market demand and potential for high returns. This is a rare opportunity to acquire a large, well-located residential development site in a thriving Minnesota community. Detailed zoning information and development guidelines are readily available. Don't miss this chance to secure a premier location for your next residential project.

    Property profile
    Verified
    Property type Land
    Lot 2.71 ac (118,048 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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