This exceptional four-acre commercial land parcel presents a prime opportunity for retail development in the thriving city of Rogers, Minnesota. Boasting unparalleled visibility from Interstate 94 and convenient access via State Highway 101 (with easy on/off ramps), this property enjoys a highly desirable location. The site is zoned RC, making it perfectly suited for a variety of retail uses. Its strategic position adjacent to the Diamond Lake Industrial Park ensures a robust customer base and strong potential for synergy. The surrounding area boasts a high average household income of $131,018 and a steady growth rate of 1.19%, indicating a strong and stable market. This location benefits from the presence of established and successful national retailers such as Cabela's, Goodwill, Target, Kohl's, and CVS, further solidifying its appeal and potential for success. The property consists of two parcels: Parcel ID 24-120-23-32-0008 (assessed at $26,113.54) and Parcel ID 24-120-23-32-0009 (assessed at $16,700.78). This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area with excellent access and strong demographics. Don't miss this chance to secure a prime location for your next retail venture.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$380,702,112
Hospitality
$348,721,088
Educational
$290,131,872
Medical
$300,109,952
Retail
$451,316,224
Location Insight
City
Rogers
County
Hennepin
State
Minnesota
Latitude
45.1869
Longitude
-93.5359
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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