For Sale
$780,000

1010 2Nd St Sauk Rapids, MN 56379

6-Acre Development Site, High Visibility, TIF Potential

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 6-acre commercial land parcel presents a unique development opportunity in Sauk Rapids, Minnesota. Strategically located on 2nd Street North, this high-visibility site boasts nearly 800 feet of frontage, offering unparalleled exposure to a significant daily traffic volume (8500 vehicles per 2019 data). The property's prime location is just seconds from Highway 10, providing easy access to major transportation routes and placing it minutes from Highway 23 and Highway 15, as well as the downtowns of both Sauk Rapids and St. Cloud. Across the street, you'll find a mix of established office and retail businesses, including a Holiday gas station, the City Hall, and the United States Postal Service. The final parcel size will be determined upon execution of the purchase agreement, as the land is to be subdivided. This site is ideal for mixed-use development, and the possibility of a Tax Increment Financing (TIF) opportunity exists, particularly given the potential for redevelopment in conjunction with a nearby radio station. The property sits at a traffic light-controlled intersection, further enhancing its visibility and accessibility. The asking price for this exceptional development opportunity is $780,000, with a land value of $130,000 per acre.

Highlights

  • 6-acre site.
  • Excellent highway access: seconds from Hwy 10, minutes from Hwy 23 & Hwy 15.
  • Close proximity to Sauk Rapids and St. Cloud downtowns.
  • High traffic count (8,500 vehicles in 2019).
  • Suitable for office and retail use.
  • Mixed-use development (including residential) may be approved.

Property Details for 1010 2Nd St

Property type
Land

Location Insight

City
Sauk Rapids
County
Benton
State
Minnesota
Latitude
45.59810173681
Longitude
-94.156304118382
1010 2Nd St, Sauk Rapids, Minnesota

FAQs

What type of property is this?
Land - 6-Acre Development Site, High Visibility, TIF Potential
Where is the land located?
The property is located at 1010 2Nd St Sauk Rapids, MN.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 6-acre site.; Excellent highway access: seconds from Hwy 10, minutes from Hwy 23 & Hwy 15.; Close proximity to Sauk Rapids and St. Cloud downtowns.
How can I contact the broker?
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1010 2Nd St
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