For Sale: Saint Cloud MLS# 7140010
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Property Description
This 11+-acre parcel offers a strong multifamily development opportunity along University Drive. Zoned R-5 Multifamily, the property sits in an established rental area and is well aligned with continued residential development.
The size of the parcel provides flexibility for site planning, building layout, parking, green space, and potentially phased development. Its location along University Drive also offers good visibility and convenient access, making it an attractive option for a developer or investor looking for a larger multifamily site.
With the zoning already supporting multifamily use, the property provides an opportunity to explore a range of residential concepts subject to city requirements and approvals; utility availability, access, density, stormwater, wetlands, soils, and other site-specific development considerations of a buyer’s normal due diligence. Based on contour maps and the National Wetlands Inventory, there are wetlands in part of the 11 acres.
Overall, this is a sizable development parcel in an established rental corridor with zoning, location, and acreage that create a compelling opportunity for future multifamily development.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Property Type:
Lot/Land
City:
Saint Cloud
County:
Sherburne
State:
MN
Property Style:
Lot/Land
Zip Code:
56304
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
11.98
Geolocation:
45.550426, -94.126358
Inclusions:
None
Lot Dimensions:
285 x 535 x 459 x 529 x 723 x 1064
Restrictions:
Open
Zoning:
Residential-Multi-Family
Farm
Topography:
Wooded
Schools
School District:
742
District Phone:
3202539333
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,190
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,190
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
Public Road
Available Utilities:
- Cable Available
- Electricity Available
- Natural Gas Available
- None Connected
- Sewer Available
- Water Available
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.