COMMERCIAL DEVELOPMENT SITE FOR SALE

SITE INFORMATION                                                                                                        LOCATION: Hwy 10 visibility, Big Lake, MN 55309 LAND AREA: 1.35 Acres or 58,858 SF TOPOGRAPHY: Level TRAFFIC COUNTS: 24,000 ADT ZONING: B-3 – General Business UTILITIES: City sewer and water 2005 REAL ESTATE TAXES: Total for both parcels $5,559

Market •    Located in one of the fastest growing corridor in Minnesota •    Trade area has increased over 11% since the 2000 census •    Residential projects within the trade area consisting of over 1,600       units were approved during the period 2003-2004. •    New households are characterized by higher incomes, lower age         and larger family sizes. •    Recent Developments: 3,972 SF McDonald’s Restaurant;                   Jefferson Square 6,276 SF Office & Retail bldg; Chinese                   Restaurant 1,360 SF; 50,000 SF Coborn’s Supermarket & 16,600         SF Retail Space.

Trade Area •    Population: 23,895 •    Households (est): 8, 000 •    Average HH income: $74,469 •    Median Age:  31.1 years •    2003 Gross Retail sales:  $126,583,769 •    AMV Ratio of Residential housing to Commercial/Industrial =            10.5 to 1

This is a fantastic opportunity to buy 1.35 Acres located next to Big Lake Town Square which consists of the new Coburn’s Supermarket as well as many other retails shops. Big Lake is one of the fastest growing areas in the Northwest Metro corridor. This site has high visibility, easy access and is near the planned Northstar commuter train station. The site has a 4,365 SF retail/office building currently used by Audio Communications.

PRICE REDUCED: $1,100,000    TERMS: Cash

 

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