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$ 695,000
Est. payment | /mo
5 Beds
3 Baths
2,370 SqFt
$ 695,000
Est. payment | /mo
5 Beds
3 Baths
2,370 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,370 sqft
Price per Sqft $293
Bedrooms 5
Full Baths 3
Property Description
GREAT INVESTMENT OPPORTUNITY in a PRIME LOCATION offering MULTIPLE DEVELOPMENT OPTIONS. Price reflects the development value of the property. The home is currently rented for $3000.00 per month. Potential options include retaining full parcel for investment and future development, split the home from approximately .74 acres to create a commercial lot, or subdivide to create an additional residential lot. (See concept) Seller currently has an application submitted with the City proposing the following split: the existing home on approximately .44 acres, and the north half as an approximately .74-acre commercial lot (see attached City recommendation and concept's). The proposed .74-acre commercial lot has potential for a 5,000 sq ft building with approximately 26 parking spaces (see attached documentation). All subdivision and development subject to City approval. PID #101-118-000010 is included in the sale.
Location
State MN
County Wright
Listed by Tami Biegert • RG/ LPT Realty
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