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Elk River, Minnesota Market Study (CRO002 ~ February 2002) Page 25 <br /> <br />JoPlinand US ~ghway I0 <br /> site lo0o <br /> <br />Total Area <br /> <br />Sales Area <br />Proposed Parking <br />Co-Tenants <br /> <br />Grade of Lot <br />Current Land Use <br />Adjacent Land Use <br />Street Conditions <br /> <br />Traffic Counts <br />1990 Counts <br /> <br />Traffic Controls <br /> <br />Traffic Flow <br /> <br />Visibility <br /> <br />Accessibility <br /> <br />Ingress/Egress <br /> <br />Transient Exposure <br /> <br />8,000 square feet <br /> <br />4,000 square feet <br /> <br />Assumed Good <br />Unknown <br /> <br />Level <br /> <br />Vacant <br /> <br />Residential/Light Retail <br /> <br />U.S. Highway 10: 4-lane divided highway <br />Joplin: 2-lanes city street (30 MPH) <br /> <br />U.S. Highway 10 east of Procter: 24,700 vehicles <br />Waco Street: 18,700 vehicles <br />Lighted semaphore at the intersection <br />East/West <br /> <br />Good <br />Good <br /> <br />Good <br /> <br />Very Good <br /> <br />Analysis <br /> <br />This site is the center lot of three undeveloped parcels on the outbound side ofU. S. Highway 10 <br />on the west side of Elk River. This is a good location physically and geographically for a second <br />municipal liquor store in Elk River. Like the original store, it has the advantage of being on the <br />"lake destination" commuter side of the highway. There is a small new housing development now <br />under construction just north of the site. This location will have good exposure to transient <br />traffic, but it does not have the support of the major shopping area of Elk River that the original <br />location does. There is a Holiday Station Store on the south side of the highway which will allow <br />for some limited adjacent help. Limited, because this station is on the other side of U.S. Highway <br />10. Most of the new housing growth is on the east side of Elk River, but the growth that's in <br />process on Elk River's west side can easily access this location. <br /> <br />Dakota WorLdwide Corp. <br />4801 81~ Street, Suite 105 · Minneapolis, MN 55437 <br />Telephone 800.475.4505 · Fax 952.835.4461 <br /> <br /> <br />