20200 Rogers DrRogers, MN 55374

  • Other commercial real estate
  • 41.53 AC
For Sale

Property Details for 20200 Rogers Dr

Year built
2005
Construction
CONCRETE
Lot size
41.53 AC
Property type
Other commercial real estate
APN
24-120-23-32-0003
APU
2412023320003

Description

This exceptional four-acre commercial land parcel presents a prime opportunity for retail development in the thriving city of Rogers, Minnesota. Boasting unparalleled visibility from Interstate 94 and convenient access via State Highway 101 (with easy on/off ramps), this property enjoys a highly desirable location. The site is zoned RC, making it perfectly suited for a variety of retail uses. Its strategic position adjacent to the Diamond Lake Industrial Park ensures a robust customer base and strong potential for synergy. The surrounding area boasts a high average household income of $131,018 and a steady growth rate of 1.19%, indicating a strong and stable market. This location benefits from the presence of established and successful national retailers such as Cabela's, Goodwill, Target, Kohl's, and CVS, further solidifying its appeal and potential for success. The property consists of two parcels: Parcel ID 24-120-23-32-0008 (assessed at $26,113.54) and Parcel ID 24-120-23-32-0009 (assessed at $16,700.78). This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area with excellent access and strong demographics. Don't miss this chance to secure a prime location for your next retail venture.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $380,702,112
    Hospitality
    $348,721,088
    Educational
    $290,131,872
    Medical
    $300,109,952
    Retail
    $451,316,224
20200 Rogers Dr, Rogers, Minnesota
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Location Insight

City
Rogers
County
Hennepin
State
Minnesota
Latitude
45.1869
Longitude
-93.5359
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$376,831
$7,045,000
$5,534,000
$12,579,000
-
$7,045,000
$5,534,000
$12,579,000

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