Pine Island Land Development

XXX Highway 52 Pine Island, MN 55963

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FOR SALE
Property Type:
Multifamily Land
Amount:
$2
Last Verified:
Aug 18, 2017

Highlights

  • Property to be sold in its entirety
  • Bulk land offering
  • Recent Price Reduction: $2.90/PSF
  • Zoned & Guided Commercial Use
  • Cooperative EDA and City Council

Description

KW Commercial is pleased to present this land development offering in Pine Island, MN.
The property offers an attractive and alternative to much larger community of Rochester, and it is only 15 miles away.

With the advent of Destination Medical Center (DMC), Pine Island is poised to grow. The lot is right off Exit #12 (County Rd 11) on Hwy 52. It is zoned for commercial and high density residential use, which appears to be the highest and best use of the land, in light of its location and demographics.

The lot gently slopes toward Hwy 52, which allows for a clear view of the site from Hwy 52. It also allows for attractive views for potential residences. There is a retention pond which can be converted into a green oasis to fit your development plan.

Friendly and cooperative EDA and City Council allow for a collaborative environment for development. New school and proximity to twin cities and Rochester make this an ideal location for families and commuters alike.

This land offering is situated minutes north of Rochester, Minnesota. The subject property is located on the east side of Highway 52 near exit 12 (County Road 11) to Pine Island. Property borders the east frontage road for easy and convenient access for a variety of businesses, consumers and residents.

Lot Size: 15.59 acres

Map of XXX Highway 52, Pine Island, MN, 55963

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.