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$ 450,000
Est. payment /mo
New
1815 University DR SE Saint Cloud, MN 56304
11.98 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7140010
Annual Tax Amount $1,190
Tax Year 2026
Contingent None
Lot Size 11.980 Acres
Lot Dimensions 285x535x459x529x723x1064
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.
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.
Location
State MN
County Sherburne
Zoning Residential-Multi-Family
Interior
Inclusions None
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, None Connected, Sewer Available, Water Available
Schools
School District St. Cloud
Others
Restrictions Open
Listed by Deborah Baier • RE/MAX Results
NEARBY SCHOOLS & PROPERTIES