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709 Norman Ave N - Towne Edge Estates Development

130.78 Acres of Commercial Land Offered at $4,394,157 CAD in Foley, MN 56329

Investment Highlights

  • Development is approved with the city
  • City utilities on west end of property

Executive Summary

Easy Access to Hwy 25 & Hwy 23 to St Cloud
• Adjacent to existing city services.
• Parcels of land located in the Foley City Limits, block from downtown business district.
• Adjacent to Foley Public Schools along Norman
Avenue.
• The city of Foley has recently approved zoning for
residential
• and commercial development on these parcels.
Potential for Public Incentives from the City of Foley
and Benton County for Re-Development.
• Sale also includes the Farmstead on 0.63 acres.

Data Room Click Here to Access

Property Facts

Price $4,394,157 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Single Family Development
Total Lot Size 130.78 AC

1 Lot Available

Lot

Price $4,394,157 CAD
Price Per AC $33,600 CAD
Lot Size 130.78 AC

Just over 130 acres of prime development land in the Foley City limits across the street from the High School. Major N/S highway on the west side of the property. Norman Ave with utilities. Great drainage. Blocks from Main St Foley.

Description

Fantastic prime development land in Foley, Mn. Just outside St Cloud by 20 minutes and straight north of Becker, Mn by 23 minutes. The parcels are in the Foley City limits just a few blocks away from the Central Business District and across from the Public Schools. The City has preliminary zoning concepts for a variety of residential options. Single Family homes, Twin homes, Condos and High Density Multi-apartment buildings are needed. Even commercial retail on the first floor of the Multi-Family buildings would be a plus. Utilities are along Norman Ave ready for the development. Funds are available for an approved project by the city.

  • Listing ID: 31667978

  • Date on Market: 2024-05-01

  • Last Updated:

  • Address: 709 Norman Ave N, Foley, MN 56329

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