TITLE:
7861 Groveland: Commercial Lot EDA Redevelopment
CONTROL:
Exclusive
VALUE:
$100,000
LOAN:
$0
EQUITY:
$100,000
TYPE:
Development
HAVE:
Redevelopment opportunity: City owned vacant lot zoned B-3, 0.41 Acres. Adjacent to additional 0.59 Acres privately owned parcel for a total of 1 Acre. City is cooperating with private owner in a combined redevelopment. Ideal for national Tennant.
ADDRESS:
7861 Groveland Rd, Mounds View, Minnesota
BENEFITS TO NEW OWNER:
Corner redevelopment on busy intersection, good visibility, City easy to work with and open to ideas.
OTHER FILES:
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$0
CASH FLOW:
$0
CAP RATE:
0.00%
BENEFITS SOUGHT:
City would like parcel redeveloped. Looking to sell. City open to ideas and eager to see a development on the site.
CAN ADD:
City open ideas, price negotiable, open to creative concepts and financing. Working with experienced Economic Development staff.
REMARKS:
Bring us your ideas and creative ways to redevelop this site. Ideal for a national tenant with potential drive-thru options needing a corner with good visibility and 26,000 vehicles per/day. Economic Development Authority EDA is pro-business and flexible.
COUNSELOR:
Brian Beeman
BizFund10X
12600 Whitewater Drive, Suite 100
Minnetonka, Minnesota, 55343
