|
22382 -Ciry of Elk River
<br />Land Analysis
<br />November 22, 2023
<br />Page 12
<br />Comp. Location Buyer Oate Gross Oevelopable Total Price Per Price Per Oensity
<br />No. (Intentletl Use) Seller of Sale Acreage Acreage 2oning Utilities Sale Price Gross Acre Oev Acre Units/Acr
<br />� 8th Ave S 8 Pine Ritlge Rtl JPB Lentl LLG 8/ 2023 4.39 AG 4.38 AG PRD (R-2) Aveleble $350,000 $�912� $�8 �2� 8.�
<br />Zimmertnan, MN ShITATown Cen(er, LLC
<br />2 804GresksitleDrrve SettlerGommonsApertments,LLG 4/ 2023 2��AG 2��AG RS Aveleble $305,000 $��2,548 $��2,548 �4.8
<br />Buffelo, MN Bjorklend Buffalo Holdings, Inc
<br />3 23465 St. Francis Blvtl Vista Praine at Ea01e Pointe. LLC 8; 2022 1�.16 AC 11.�6 AC BPK, R-2 Available $800,000 $45.045 $45.045 1.8
<br />St. Francis, MN Elizabeth M. Hukee Tius�
<br />4 8620GhestnutSVeet TonYEmmenchGonstruction 4/ 2022 4.48AG 4.48AG R4 Aveleble $345,000 $�683� $�883� �6.0
<br />Lino Lakes, IvIN Lino Lakes 12, LLC
<br />5 ��B��FrsnkTortPeMweyNW KellerEeertmenPmpertiesX,LLG 8/202� 23.82AG 23.82AG PUD Aveleble $�,000,000 $4�882 $4�882 28�
<br />St. Michael, IvIN Douglas Carlson Developmen(, Inc.
<br />8 25��34thStreetWes[ BirchGroveEstetes,LLLP 3/ 2021 �O.��AG �O.��AG R-2 Aveleble $850,000 $840�5 $840�5 �4.2
<br />�immertnan, MN Ivlichael J Leuer, Moen Living Trust
<br />� �42�SJoppeAveS SummersRitlqeofSeveqe,LLG 1�/2020 3.�8AG 3.18AG PMD Aveleble $800,000 $25�,5�2 $25�,5�2 �2.6
<br />Savage, MN Net Lease Development, LLC
<br />8 88� V�ste Blvtl. MVVF PmOerties, LLG 9/ 20�9 8.80 AG 2.80 AG RS Aveleble $54�,62� $8� 530 $2�0,623 28.3
<br />Waconia, MN Cityof Waconia
<br />9 SWGHwy8�0/GSAH41
<br />Coon Rapitls, MN
<br />�0 NWGDotltlBlvtl/GetlerAve.
<br />Lakeville, MN
<br />1� 56� Elk Strest
<br />Belle Plaine, MN
<br />�2 �8�3�TeylorSt.NE
<br />Eest Bethel, MN
<br />�3 ��45��BfhAve.NE
<br />Blaine, MN
<br />GoonRepitlsAHI,LLLP 8/ 20�8 4.82AG 4.82AG
<br />Gaughan Lan� Incorporatetl
<br />Gantinente14�8Funtl,LLG 8/ 20�8 �5.45AG �5.45AG
<br />The State Bank ofFari�ault
<br />Belle Gourt, LLG �/ 20� 8 4.03 AG 4.03 AG
<br />Metthew's Roofing 8 Renovetions, LLG
<br />Eest BeNel ALF Pertners, LLG 2/ 20� 8 8.0� AG 8.0� AG
<br />OurSavior's Evangelical Lutheran Church
<br />GetlerPoin�Apertmen6,LLG �/20�9 B.OBAG 6.OBAG
<br />Joel Wlliem & Susen Jene Petersen
<br />PORT Availa�le $1.125,000 $243,506 $243,506 8to30
<br />G3 Aveleble $4,000,000 $258,800 $258,800 �8.8
<br />R-1 Aveleble $325,000 $80645 $80845
<br />CC Available $3�5,000 $62396 $62396
<br />DF Aveleble $804,500 $�32�58 $�32�58
<br />�� 9
<br />�� 8
<br />22 8
<br />�pmvetlfor40townhomelotr.s entlweterstubbetlto
<br />e. This represenfs fhe fnel phese ofre fully built out town
<br />�me tlevelopment.
<br />is pmperty wes purchesea for �he construction of Settler
<br />�mmons Apartments.. a 40-unit apartment complex.
<br />is pmperty wes purchesetl for the construction of e � 38�nit
<br />. ving fecility celletl Viste Preine of S(. Frencis.
<br />�nstrucfion begen m 2023.
<br />is pmpertywes purchesetl far�he cans�ruction ofe 12unit
<br />.nior muhiJemly project e� Northpointe Gertlen Estetes.
<br />is pmperty wes purchesetl to construct Town Genter et St.
<br />�icheel epertmenfs. The percel wes split, with 208 units
<br />instructetl on epproximetely 1 ecres so fer.
<br />is pmpeRy wes purchesetl for the construcfion of Birch
<br />ove Estetes, e Tour bultling, � 44unit multifiem ily complex.
<br />is pmpertywes purchesetl forthe construction ofe 40unit
<br />.nior multi-fam ily project cametl NorBella Senior Living.
<br />is Wo outlots in the LegecyVillege et Weconie
<br />ibtlrvision. The totel lend eree soltl �s epproximetely 8.8
<br />� s�,hawever.tluetaseverelpontlsentlwetlentlstheuseble
<br />ee is limitetl to eppmximetely 2.8 ecres elong Viste Blvtl.
<br />;porletlly.. the Ciryhatl apP��etl a seniorhousing pmlect.
<br />�ning ellows e ienge of 8 units per ecre to 30 units per ecre.
<br />iis pmperty is Outlots G entl D of Gherry H�qhlentls Thirtl.
<br />ie pmpmsetl Development plen is �3 builtlings, wi�h 20 rentel
<br />wnhome units per builtling, for e totel of 280 units.
<br />irchesetl firthe construction of two epertmen� builtlings
<br />leling �2 units nemed Belle Gourt Apertmenfs.
<br />thrsestory, l0unil senior living camplex is plennetl for this
<br />ocatetl sale price. CetlarPoint purchased several
<br />Is for $�,204,500 entl sol� the singlefiem ily tlevelopm ent
<br />idemonthlaterfor$400,000. Thissiteistheremeintler
<br />[ained by Cetlar Point ApartmenFs, LLC.
<br />Meen $���,8�8 $�25,430
<br />
|