30 Acres Hennepin County, Mn Selling No Reserve On-line Auction Nov. 30th

Descriptions

Tract 2 30.18 Acres
Description: Prime development property along the Highway 55 corridor. City of Medina has
granted preliminary plat and site plan review approval for Cates Industrial Park a proposed
development containing approximately 300,000 square feet of building improvements to be used
for warehouse/light industrial/office on the property. See Ordinance # 709
Final plat approval requires some conditions to be met at the time of Final Plat application.
See Resolution # 2023-65.
This tract is currently being farmed and has a vacant homestead.
Address: 2575 CATES RANCH DRIVE
Legal Description: Lot #1, block #1 CATES RANCH SECOND ADDITION
Parcel # 04-118-23-14-0004 *Full legal to be verified by closing company
2023 Taxes: $5,230.46
Land Location: From I-94 / Highway 55 in Plymouth take Highway 55 for 7 miles to Willow
Drive. Turn right and go north on Willow Drive to Land on the east side of the road. Watch for
signs.

Agent Notes: Online real estate auction, 2 large acreage tracts being sold no minimum / no
reserve to the highest bidder. Excellent investment opportunity. Prime location 2 miles west of
101 and 7 miles from 1-94 / Highway 55 interchange. Hard to find undeveloped land with sewer
and water in close proximity. Unparalleled investment opportunity in a high demand area
experiencing exponential growth! Both parcels are currently zoned Rural Residential-Urban
Reserve (RR-UR). Tract 2 to be rezoned Business upon satisfactions of conditions and
recording of the Cates Industrial Park Plat. The Citys Comprehensive Plan for both parcels are
currently guided Future Development Area (FDA).
The City of Medina has added a lift station on tract 1 to serve properties to the West of this
land which could also serve tract 1 and property to the North and East if the City guides for
development in the future. Sewer service for Tract 2 from southeast. Water required to be
extended to southeast and looped to willow.