$3,000,000
Hugo, MN 55038
MLS# 6507087
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Property Description
Prime transitional investment land located in the path of growth! Has a future guided use of 50 Acres of Industrial and 30 Acres of Residential. Lennar is developing the Watermark Neighborhood to the south, consisting of single-family homes and townhouses. Mega Eagle Brook Church Campus is across the street. There is over 1,300 SF of frontage on 35E, which is used by over 40,000 vehicles per day. The home on site, with 2 outbuildings, has potential for rental income. The farmland is leased. This is a great investment for land packaging. It is also an excellent 1031 option.
Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Active
Contingency: None
Current Price: $3,000,000
Original List Price: 3000000
ListPrice: 3000000
List Date: 2024-03-21
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: Yes
Plat Recorded: No
Yearly/Seasonal: Yearly
Zoning: Agriculture
Lot Dimensions: 1,320 x 2,598 x 1,316 x 2,607
Acres: 80.76
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: THE N 60 ACRES OF SW1/4 OF SEC 12 TWP 31 RGE 22, EX RD, SUBJ TO EASE OF REC
Listing City: Lino Lakes
Map Page: 66
Municipality: Lino Lakes
School District Phone: 651-982-8103
House Number: 7766
Street Name: 20th
Street Suffix: Avenue
Postal City: Hugo
County: Anoka
State: MN
Zip Code: 55038
Zip Plus 4: 7429
Property ID Number: 123122310001
Tax Year: 2024
In Foreclosure?: No
Tax Amount: 3208.46
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Prime transitional investment land located in the path of growth! Has a future guided use of
50 Acres of Industrial and 30 Acres of Residential. Lennar is developing the Watermark Neighborhood to the south, consisting of single-family homes and townhouses. Mega Eagle Brook Church Campus is across the street. There is over 1,300 SF of frontage on 35E, which is used by over 40,000 vehicles per day. The home on site, with 2 outbuildings, has potential for rental income. The farmland is leased. This is a great investment for land packaging. It is also an excellent 1031 option.
Directions: 34 E to County Rd 14 Exit, West to Right turn on 20th Ave N to property on right
Acreage Information
Pasture Acres: 15
Taxable Acres: 80
Tillable Acres: 65
Additional Parcels Information
Property ID #2: 123122230002
Property ID #3: 123122130001
Assessments
Assessment Balance: 24.02
Tax With Assessments: 3232.48
Builder Information
Builder Restrictions: Open
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 12
Township#: 31
Property Features
Available Utilities: Cable Available; Cable Connected; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Private Septic Available; Private Septic Connected; Private Well Available; Private Well Connected
Development Status: Raw Land
Farm Type: Beef; Crop; Hobby
Improvements: Public Road
Land Inclusions: None
Lot Description: Green Acres
Outbuildings: Pole Building; Storage Shed
Restriction/Covenants: None
Road Frontage: County Road
Soil Type: Clay; Loam
Topography: Level
Listing Office: RE/MAX Results
Last Updated: April - 25 - 2024
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