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100th St - IAG Cottage Grove Land Assembly

11 - 32.15 Acre Residential Land Lots Offered at $2.83 - $5.67 CAD Per Lot in Cottage Grove, MN 55016

Investment Highlights

  • Zoning allows for single, medium density and M/F residential on the remaining parcels for sale

Executive Summary

These parcels are adjacent to the newly announced 3.5M sq. ft. Northpoint Industrial Park and Lennar's new single family development to the south. Lots 3-5 of Parcel A remain. The others have sold or are under contract. List price is $4.00 psf. Parcel #2 was sold for a multi-family development.. Parcel #1 will be a similar development in spring 2025. There will be a "deferred assessment" to the buyer for their proportionate share of road, sewer and water lines installed in summer/fall 2023.

Property Facts

Price $2.83 - $11.34 CAD
Sale Type Investment
Sale Conditions Build to Suit
No. Lots 3
Property Type Land
Property Subtype Residential
Total Lot Size 71.28 AC
Cross Streets Ideal Avenue South

3 Lots Available

Lot A-5 lots

Price $6 CAD
Price Per AC $1 CAD
Lot Size 11.00 AC

Three parcels remaining within Lot A, ranging from 5.2 to 11.5 acres. These parcels are zoned for high to med. density. Adjacent to the new 3.5 M square foot industrial park. List price of $4.00 PSF. Street infrastructure installed 2024. 3-5 avail.

Lot B

Price $3 CAD
Price Per AC $0 CAD
Lot Size 32.15 AC

List price of $2.00 psf for this parcel. Medium density/Single family. UNDER CONTRACT

Lot C

Price $3 CAD
Price Per AC $0 CAD
Lot Size 28.13 AC

List price of $2.00 psf for this parcel. Single family. UNDER CONTRACT

Description

Parcels are split between the new 105th/Hadley connection and the rerouting of 100th Street. Parcels are ideal medium density and single-family housing and the city has approved this guidance. There will be a deferred assessment to the buyer for their proportionate share of the new infrastructure installed by the City of Cottage Grove. To the direct east will be a new 3.5M sq. ft. industrial park developed by Northpoint Development and to the south a new single family housing development by Lennar.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-027-21-14-0001
Land Assessment
$615,291 CAD
Improvements Assessment
$492,712 CAD
Total Assessment
$1,108,003 CAD

zoning

Zoning Code AG1, AG2
AG1, AG2
  • Listing ID: 14706641

  • Date on Market: 2018-12-23

  • Last Updated:

  • Address: 100th St, Cottage Grove, MN 55016

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