$789,900
INVESTMENT AND DEVELOPMENT OPPORTUNITY WITH HIGHWAY 10 VISIBILITY AND BNSF RAILROAD ADJACENCY. SEE SUPPLEMENTS FOR BROCHURE AND ADDITIONAL INFORMATION.
Approximately 15.38 acres strategically positioned along the Highway 10 corridor in Clear Lake. The property offers approximately 1,600 feet of highway visibility, indirect Highway 10 access and direct adjacency to the BNSF railroad corridor. Located within Orderly Annexation Area Zone 3 and identified for future Business & Industry land use, this site presents compelling long-term potential for commercial, industrial, warehouse, contractor, transportation or owner-user development, subject to applicable zoning and governmental approvals.
The property includes an extensively updated approximately 1,060-square-foot residence with two bedrooms and two bathrooms. Improvements include a new septic system, plumbing, electrical, kitchen, bathrooms, furnace and central air conditioning. Additional improvements include a detached 1.5-car garage and a 28×30 fully insulated and heated outbuilding that is partially finished.
Potential exists to divide the property into an approximately five-acre residential parcel and an approximately 10.7-acre development parcel, subject to final survey, recording and governmental approval. This configuration may allow an investor to sell, lease or retain the residence separately while positioning the remaining acreage for future development.
The property directly adjoins the BNSF corridor and may offer potential for a future private rail spur. Any rail connection is subject to BNSF review and approval, engineering feasibility, easements, permitting and governmental approvals. The property is not presently rail-served.
Existing improvements may provide interim rental income, office or owner-occupancy possibilities while future development plans are pursued. Conceptual site planning illustrates the property’s potential; proposed building layouts are conceptual only and have not been approved.
A distinctive opportunity combining existing improvements, divisible acreage, Highway 10 exposure, future Business & Industry land-use planning and potential rail-access advantages. Buyer and buyer’s agent to independently verify acreage, zoning, land-use designation, annexation requirements, access, utilities, soils, wetlands, building capacity, subdivision feasibility and rail-spur potential.
7136416
MLS
7681 70th Avenue SE, Clear Lake
Listing courtesy of Referral Realty.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.