13.15 Acres (Contiguous) of Commercial Land For Sale!

1225 80th Street East Inver Grove Heights, MN 55077

1225 80th Street East, Inver Grove Heights, MN, 55077
1225 80th Street East, Inver Grove Heights, MN, 55077
Property Type:
Commercial Land Development
Please Call Broker for Price

Cap Rate:
Last Verified:
Nov 21, 2023

Land For Sale - 13.15 Acres Contiguous Highlights and Features: • Four main routes - Hwy 55, Hwy 3, Hwy 52 and I-494 • A growing community with new housing developments nearby • 14 new housing plats have been approved in the city of Inver Grove Heights for a total of 1,101 new housing units (516 single-family, 585 multi-family) • 3 buildings currently on site but can be demolished for development • A portion of the land is gravel and sand • PID: 20-00800-54-013 (4.97 acres, 216,493 sf) • PID: 20-00800-54-014 (8.18 acres, 356,321 sf) • Currently zoned Agricultural/Residential • Future zoning is Commercial - Retail, Office, Medical, Residential • Area Tenants: Target/Pharmacy, Starbucks, Iwa Sushi, Ideal Credit Union, Oyespa Salon | Spa, F45 Training, All Seasons PreSchool, Glassing Florist, Holiday Station Stores, McKeever Pet Dermatology Clinics, Inver Wood Golf Course, Inver Grove Heights Skate Park, Veterans Community Center, Inver Hills Community College • Totals Acres Available For Sale: 4.97 acres to 13.15 acres or 8.18 acres to 13.15 acres • PID 20-00800-54-013: 4.97 acres, 216,493 sf • 2023 Tax: $3,420.00 • PID 20-00800-54-014: 8.18 acres, 356,321 sf • 2023 Tax: $7,284.00 • Sale Price: Negotiable Demographics and Traffic Counts: • Average Household Population: 1 mile - 898, 3 miles - 15,684, 5 miles - 65,148 • Average Household Income: 1 mile - $112,912, 3 miles - $103,115, 5 miles - $87,687 • Robert Trail S - 10,200 vpd, Highway 55 - 24,500 vpd, 80th St E - 5,600 vpd

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Map of 1225 80th Street East, Inver Grove Heights, MN, 55077

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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.