16612 Buchanan St Andover, MN 55304
This exceptional 9.15-acre commercial land parcel, located at 16612-16622 Buchanan St NE, Andover, MN 55304, presents a unique investment opportunity. Situated in Anoka County, this property boasts a CD-2 zoning designation, already approved for development as a full-service trucking terminal. The approved plans encompass ample space for 85 semi-trucks and 33 passenger vehicles. Building plans include an 11,040 square foot facility featuring three drive-thru service bays (80' x 65'), two loading docks, and a 32' x 80' warehouse, along with office space. The asking price is $1,300,000. The property includes APN numbers 08-32-23-33-0005 and 08-32-23-33-0004. There is also the potential to acquire an additional 2.44 acres. This strategically located land offers significant potential for immediate development and substantial returns. Don't miss this chance to acquire a ready-to-build trucking terminal in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.