30 Acres Hennepin County, MN Selling No Reserve On-Line Auction Nov. 30th

Tract 2 30.18 Acres Description: Prime development property along the Highway 55 corridor. City of Medina has granted preliminary plat and site plan review approval for Cates Industrial Park – a proposed development containing approximately 300,000 square feet of building improvements to be used for warehouse/light industrial/office on the property. See Ordinance # 709 Final plat approval requires some conditions to be met at the time of Final Plat application. See Resolution # 2023-65. This tract is currently being farmed and has a vacant homestead. Address: 2575 CATES RANCH DRIVE Legal Description: Lot #1, block #1 – CATES RANCH SECOND ADDITION Parcel # 04-118-23-14-0004 *Full legal to be verified by closing company 2023 Taxes: $5,230.46 Land Location: From I-94 / Highway 55 in Plymouth take Highway 55 for 7 miles to Willow Drive. Turn right and go north on Willow Drive to Land on the east side of the road. Watch for signs. Agent Notes: Online real estate auction, 2 large acreage tracts being sold no minimum / no reserve to the highest bidder. Excellent investment opportunity. Prime location 2 miles west of 101 and 7 miles from 1-94 / Highway 55 interchange. Hard to find undeveloped land with sewer and water in close proximity. Unparalleled investment opportunity in a high demand area experiencing exponential growth! Both parcels are currently zoned Rural Residential-Urban Reserve (RR-UR). Tract 2 to be rezoned “Business” upon satisfactions of conditions and recording of the Cates Industrial Park Plat. The City’s Comprehensive Plan for both parcels are currently guided Future Development Area (FDA). The City of Medina has added a lift station on tract 1 to serve properties to the West of this land which could also serve tract 1 and property to the North and East if the City guides for development in the future. Sewer service for Tract 2 from southeast. Water required to be extended to southeast and looped to willow.