# 2331 Budd Street, Independence, MN 55359

> **TL;DR:** land, $4,995,000, built 1900.
> 2-car garage. Est. $26,714/mo. Listed 7 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,995,000 |
| Year Built | 1900 |
| Lot Size | 526,640 sqft (12.09 acres) |
| Garage | 2-car |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 7 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $25,257 |
| Estimated Insurance | $1,457 |
| **Total** | **$26,714** |

## Key Amenities

- 2-car garage

## Property Highlights

- Built in 1900
- 12.09 acre lot

## Description

### Agent Description
Last traded in the 1940s, this is a generational opportunity to own one of the few remaining, subdividable, lakefront, acreage estates on recreational water, within the Twin Cities Metro. At this serene site, it feels like you're hours outside of a city center, yet you're only 15 minutes from the 494 loop, set within the award winning, Orono School District. Carve out your dream on a property that has no covenants, restrictions, or HOAs. The property features 12+ acres, 600+' of frontage on Lake Independence, and ideal topography with significant, flat, usable land at the lake grade which extends in approximately 100' before the hill takes you up to higher ground where the potential build configurations and combinations are endless. Subdivide and sell, create a family compound, start your family farm, or imagine an equestrian estate, residence, and lakefront cabin all-in-one. This property can be split in half creating two, approximately 6 acre lots, each with 300' of lake frontage, without a variance. City sewer and water is currently just south of Pagenkopf. If and when it extends to Pagenkopf, the dynamics related to minimum lot size would change (see the Bridgevine development just east of the subject).

## Location

- **Address:** 2331 Budd Street, Independence, MN 55359
- **County:** Hennepin
- **Coordinates:** 45.019791, -93.657098
- **Google Maps:** https://www.google.com/maps?q=45.019791,-93.657098

## Listing Agent

- **Name:** Nick Leyendecker
- **Brokerage:** Leyendecker Realty
- **Phone:** (952) 388-0033
- **Broker Phone:** (952) 388-0033
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2331-Budd-Ave_Maple-Plain_MN_55359_M74926-48979?f=listhub&s=RMLSMN&m=7135757&c=propsimple)

## Photos

![2331 Budd Street - Photo 1](http://lh.rdcpix.com/16299bcd8b6d3c51494269cc93169825l-f3303057496r.jpg)

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---

**MLS#:** 7135757 | **Updated:** 2026-09-24
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/2331-budd-street-independence-mn-55359-7135757)

---

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