Premier Development Parcel Near Canterbury Park

Highlights

• ±15 acres of prime development land in one of the Twin Cities metropolitan area's hottest submarkets, Shakopee
• This Property is well-situated for a residential, retail, or mixed use development
• Located amidst over 3,500 residential units under development within 2 miles of the Property, including a proposed 140 AC master development across the street that would include single-family homes, townhomes, multifamily uses, as well as office, retail, restaurant and grocery uses
• Near popular local attractions including Valleyfair, the largest amusement park in the upper Midwest, Canterbury Park, and Mystic Lake Casino
• Nestled between bustling Highway 169 (10,542 VPD) and Eagle Creek Blvd (9,700 VPD)
• Nearby retailers include Target, Lowe's, Slumberland Furniture, and many more

Description

SVN | Northco is pleased to present for sale, as exclusive advisor to ownership, ±15 acres of prime development land in one of the Twin Cities metropolitan area's hottest submarkets, Shakopee, MN. The parcel, located at 3690 Eagle Creek Blvd, MN 55379 ("Property"), is strategically located in the heart of the City amidst over 3,500 residential units under development within 2 miles of the Property. The Property would be ideal for a residential, retail, or mixed use development.

Shakopee, MN, is a vibrant city located in the southwestern part of the Minneapolis-St. Paul metropolitan area. Situated along the banks of the Minnesota River, Shakopee is about 20 miles southwest of downtown Minneapolis. Its strategic location provides residents with easy access to major highways, facilitating convenient commutes to the Twin Cities and other nearby suburbs. The Property is tucked between two high traffic roads: Highway 169 (10,542 VPD) and Eagle Creek Blvd (9,700 VPD). Shakopee is home to several attractions that draw visitors from across the region including Valleyfair, the largest amusement park in the upper Midwest, Canterbury Park, and nearby Mystic Lake Casino. The city has experienced significant growth over the past few decades - more than tripling since 1990, and up almost 10% since 2020. The population growth has driven demand for housing including mixed-use projects. Within 2 miles of the subject property, there are over 3,500 residential units either approved or under construction currently, according to the City of Shakopee's development website. See all 20 of the residential and all 19 of the other commercial/industrial developments happening in Shakopee here: https://www.shakopeemn.gov/business-development/current-development

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