1598 Eustis StLauderdale, MN 55108

Property Details for 1598 Eustis St

Year built

1968

Construction

WOOD FRAME

Lot size

7.46 AC

Property size (Sq ft)

24,432 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

20-29-23-21-0078

APU

202923210078

Description

This exceptional ±15.57-acre property presents a unique redevelopment opportunity in the desirable St. Anthony Park neighborhood, spanning both Lauderdale and St. Paul, Minnesota. Its strategic location offers unparalleled access to downtown Minneapolis and St. Paul, major universities (within 3 miles), and a vibrant park system. The site's zoning allows for diverse uses, including residential (single-family to high-density), educational, and religious development. Existing buildings currently serve educational and religious groups. The property boasts excellent access to key transportation arteries like MN-280, I-35W, and I-94. Nearby amenities include parks, retail establishments, and schools, enhancing its appeal and potential. Situated on the northwest corner of the St. Anthony Park neighborhood, this large, contiguous site is served by the Roseville Area 623 School District (Falcon Heights and Brimhall Elementary Schools). While Lauderdale zoning and future land use plans exist, they do not guarantee full development of the entire acreage. This presents a rare chance to acquire a substantial land parcel in the heart of the Twin Cities metropolitan area. The property's proximity to the Minnesota State Fairgrounds further adds to its desirability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,570,018

  6.5%

  $5,141,555

  7%

  $4,774,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,932,864

  Geo Method

  $1,932,864

• Alternative Use

  Use

  Valuation

  Residential

  $5,141,555

  Hospitality

  $4,709,636

  Educational

  $3,918,362

  Medical

  $4,053,121

  Retail

  $6,095,230

Location Insight

City

Lauderdale

County

Ramsey

State

Minnesota

Latitude

44.9889

Longitude

-93.2014

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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