8054 Spring Lake Road NE, Spring Lake Park, MN 55432
- $575,000
- List Price
- $575,000
- MLS#
- 7068759
- Status
- ACTIVE
- Type
- Land
- Acres
- 1.66
- Subdivision
- Auditors Sub 89
- Year Built
- 1937
Property Description
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. Existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market and development requirements.
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Additional Information
- School District
- Mounds View
- Tax Year
- 2026
- Restrictions
- Open
- Fencing
- Full
- Lot Description
- Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
- Topography
- Level
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Listing courtesy of Counselor Realty.
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