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24285 Smithtown Rd - 24285 Smithtown Rd, Shorewood 0.4 Acres of Commercial Land Offered at $827,395 CAD in Excelsior, MN 55331
Investment Highlights
- High Visibility
- Rare Commercial Opportunity
Executive Summary
Property Highlights:
- Premium Exposure: Excellent frontage with 14K+ daily traffic counts.
- Strategic Location: Nestled within a high-income demographic near Lake Minnetonka.
- Flexible Potential: Perfect for boutique retail, professional offices, or medical suites.
- Ready for Growth: Close proximity to new residential projects ensuring a steady customer base.
- Top-Tier Community: Located in a sought-after area known for its strong local economy and amenities.
Property Facts
| Price | $827,395 CAD | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.40 AC |
| Zoning | C-1 | ||
| Price | $827,395 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.40 AC |
| Zoning | C-1 |
1 Lot Available
Lot
| Price | $827,395 CAD | Lot Size | 0.40 AC |
| Price Per AC | $2,068,487.84 CAD |
| Price | $827,395 CAD |
| Price Per AC | $2,068,487.84 CAD |
| Lot Size | 0.40 AC |
Prime development opportunity! High-visibility commercial lot with 14,000+ daily traffic count. Ideal for retail, office, or specialty use. Commercial building plans available upon request. Excellent South Lake Minnetonka area exposure.
Description
Property Features: High Visibility: Boasts a traffic count exceeding 14,000 cars per day, ensuring constant brand exposure. Prime Location: Situated in the heart of Shorewood/Excelsior, near the eastern edge of Lake Minnetonka. Lot Size: Approximately 0.40 acres (17,424 sq. ft.) of land currently designated for commercial use. Zoning: Classified under C-1 General Commercial zoning, supporting a variety of business applications. Accessibility: Includes features such as a wheelchair-accessible entrance and parking lot, according to R E Desktop. Development Ready: Positioned near established entities like City of Shorewood Public Works and local retail, with recent area improvements like the 2024 Smithtown Road Drainage project enhancing the infrastructure. Note: Cell Tower occupies approximately .10 acres of the land. Commercial building plans available upon request.
Property Taxes
| Parcel Number | 33-117-23-14-0005 | Improvements Assessment | $1,391 CAD |
| Land Assessment | $578,481 CAD | Total Assessment | $579,872 CAD |
Property Taxes
Presented by
24285 Smithtown Rd - 24285 Smithtown Rd, Shorewood
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