8054 Spring Lake Rd NE - 8054 Spring Lake Road 1.7 Acres of Commercial Land Offered at $784,104 CAD in Spring Lake Park, MN 55432

Zoned C2 with limited commercial uses (auto-related uses restricted due to surrounding properties). Per city, Comprehensive Plan guides site for medium-density residential (up to 10 units/acre). City has indicated receptiveness to R-3 rezoning; higher density would require Comprehensive Plan amendment and approvals. Estimated yield approximately 14–17 units depending on site design. Standard multifamily parking requirement is 2.5 spaces/unit (1 enclosed). Senior housing allows reduced parking (1 space per 2 units), significantly improving development efficiency. Nearby senior housing developments within approximately two blocks report strong demand, including waitlists of approximately 18 months for 2-bedroom units and rental rates around $1,700/month, supporting feasibility for senior housing use. Hwy 10 corridor improvements and potential lane/access modifications may impact future access. Property is being sold for land value; existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market, and development requirements.