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42 Highway 55 0.67 Acres of Commercial Land in Medina, MN 55340
Investment Highlights
- • High-density residential land with multiple parcels allowing flexible development strategies
- • Zoned Residential Multiple Family with guidance for high-density residential uses
- • Located within the highly regarded Wayzata School District
- • Prominent frontage along Highway 55 with additional access via Highway 101
- • Ideal for market-rate apartments, senior housing, or cooperative housing concepts
Executive Summary
This high-density residential land offering in Medina, Minnesota presents a rare opportunity to assemble multiple parcels in a premier west metro growth corridor. Strategically positioned along Highway 55 with additional frontage and access via Highway 101, the site benefits from exceptional regional visibility and connectivity while remaining integrated within an established residential setting. The surrounding area is characterized by strong household incomes, steady population growth, and a desirable suburban lifestyle that continues to attract new residents to the community.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | Single Family Development | |
| No. Lots | 1 | Total Lot Size | 0.67 AC |
| Property Type | Land | Year Built | 1963 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.67 AC |
| Year Built | 1963 |
1 Lot Available
Lot
| Lot Size | 0.67 AC |
| Lot Size | 0.67 AC |
Great spot for high density residential. Right off of Hwy 55/101. Adjacent to Super Target anchored center.
Description
• Access will be through access road on north side of property via Hwy 101 • Frontage onto Highway 55 and Hwy 101 • Ideal location for senior housing, market rate apartments, co-op housing • Zoned for Residential - Multiple Family (R4) • Guided for High Desnity Residential (HDR) • Wayzata ISD #284
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12-118-23-41-0005 | Improvements Assessment | $444,801 CAD |
| Land Assessment | $283,974 CAD | Total Assessment | $728,775 CAD |
Property Taxes
Parcel Number
12-118-23-41-0005
Land Assessment
$283,974 CAD
Improvements Assessment
$444,801 CAD
Total Assessment
$728,775 CAD
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42 Highway 55
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