Commercial Property for Sale in Inver Grove Heights Minnesota 55077

Land For Sale - 13.15 Acres Contiguous

Total Acres Available For Sale 4.97 acres to 13.15 acres or 8.18 acres to 13.15 acres

·       PID 20-00800-54-013: 4.97 acres, 216,493 SF

o   2026 Tax: $4,152

·       PID 20-00800-54-014: 8.18 acres, 356,321 SF

o   2026 Tax: $8,818

·       Currently zoned Agricultural/Residential

·       Future zoning is Commercial - Retail, Office, Medical

·       Sale Price: Negotiable 

Highlights & Features

·       Four main routes - Hwy 55, Hwy 3, Hwy 52 and I-494

·       A growing community with new housing developments nearby

·       14 new housing plats have been approved in the city of Inver Grove Heights for a total of 1,101 new housing units (516 single-family, 585 multi-family)

·       Two buildings currently on site but can be demolished for development

·       A portion of the land is gravel and sand

·       Area Tenants: Target/Pharmacy, Starbucks, Iwa Sushi, Ideal Credit Union, Oyespa Salon | Spa, F45 Training, All Seasons PreSchool, Glassing Florist, Holiday Station Stores, McKeever Pet Dermatology Clinics, Inver Wood Golf Course, Inver Grove Heights Skate Park, Veterans Community Center, Inver Hills Community College 

Demographics

·       Average Household Population: 1 mile - 2,651, 3 miles - 14,358, 5 miles - 41,438

·       Average Household Income: 1 mile - $185,116, 3 miles - $163,487, 5 miles - $147,929

Traffic Counts

·       Highway 55: 36,629 VPD

·       Robert Trail S: 11,422 VPD

·       80th St E: 5,703 VPD