6+ Acre Site - Walking Distance of Major Retail

Unique opportunity to acquire and develop up to 6.37 +/- acre site on 2nd Avenue in Waite Park. Site made up of two contiguous parcels just blocks from 2nd Street S, in a high density of resi¬dential and very close proximity to surrounding retail. Within blocks from retailers Northern Tool, Aldi’s, Kohl’s, McDonald’s Home Depot, Toyota, Fuji Steakhouse, Grizzly’s, and many other national and regional retail and service retail businesses. Close proximity to many of Waite Park’s schools, shopping centers, restaurants, parks, golf courses.

• Parcel A: 4.87 acres. This site adjacent to Legacy/Park Meadows Apartments which is a 21 acre apartment development. This large parcel has visibility to 2nd Street. Sale Price $636,426.
• Parcel B: 1.5 acres. Contiguous to Parcel A, this corner lot with rental house and small shop in back parcel, either could remain or demo’d for other development. Property corner is the northwest corner of 2nd Avenue and Sundial Drive. Sale Price $329,900.

Parcels can be sold together or separately. Depending upon buyers intended use of the parcels, the City of Waite Park has indicated they will be flexible with use, so long as development complements the surrounding properties. Possible uses consist of mixed use light industrial, retail or other commercial uses, or multifamily housing (subject to city approval).

Property Info

461 & 681 2nd Ave South
Waite Park, MN 56387

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Sale Details

Asking Price: $966,326.00

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