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About This Home
This land at 8054 Spring Lake Road NE in Spring Lake Park, MN is listed for $575,000 (1.66 acres).
Prime 1.7-acre corner site on Hwy 10 with excellent visibility and high traffic counts. Currently zoned C2 with limited commercial uses. Comprehensive Plan guides the property for medium=density residential (up to 10 units per acre). City has indicated receptiveness to R-3 rezoning, make this an ideal opportunity for townhome, multifamily, or senior housing development.
Strong nearby housing demand supports the area, with neighboring properties reporting extended waitlists for 2 bed units and rates around $1700/month. Senior housing benefits from reduced parking requirements, allowing for more efficient layout. Hwy 10 corridor improvements and potential lane/access modifications may impact future access. Existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market and development requirements.
Key Features
- Built in 1937
- 1.66 acre lot
Property Details
Location
8054 Spring Lake Road NE
Spring Lake Park, MN 55432
Auditors Sub 89
Questions & Answers
This 0-bedroom, 0-bathroom land at 8054 Spring Lake Road NE is listed at $575,000. The estimated monthly payment is $2,492 based on 20% down at 6.5% interest.
Key features include: Built in 1937, 1.66 acre lot.
This property is listed by Mary Sabby and can be reached at 9529210911 or soldbymarys@gmail.com.