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1849 100th Ave - $15mln TIF Development in Princeton, MN

39,000 Acres of Commercial Land Offered at £2,274,789 in Princeton, MN 55371

Investment Highlights

  • $15mln in TIF funding
  • Approved for 34 twinhomes, 56 townhomes, and 80-120 unit commercial apartment or senior living

Executive Summary

Development Opportunity in Princeton, MN with $15mln of TIF. Engineering is done and city has approved 34 twinhome villas, 56 townhomes, and a commercial building that can be 80-120 units for assisted living, independent living, apartments, etc. This would be a perfect opportunity for an aging in place model with the twinhomes and commercial building providing senior services. Market study is complete by Viewpoint showing unmet demand for 110+ units of independent living, assisted living, and memory care in the area.
The commercial plat could be configured as other uses such as an industrial building or smaller assisted living property as well.
City has approved $15mln of TIF funding to support the development of the project.
Engineering is done and this project will be "shovel-ready" at the end of January.
Reach out for more details.

Attachments

Princeton plat map Nov 2024
Summary for TIF for Oct 8 Meeting Distributed (2)
Proforma - draft of 2024 11 13

Property Facts

Price £2,274,789 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions Development Sale Proposed Use
Apartment Units - Senior
  • Single Family Residence
No. Lots 1 Total Lot Size 39,000.00 AC
Price £2,274,789
Sale Type Investment
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Senior
  • Single Family Residence
Total Lot Size 39,000.00 AC

1 Lot Available

Lot

Price £2,274,789 Lot Size 39,000.00 AC
Price Per AC £58
Price £2,274,789
Price Per AC £58
Lot Size 39,000.00 AC

Development in Princeton, MN with $15mln of TIF. Engineering is done and city has approved 34 twinhome villas, 56 townhomes, and a commercial building that can be 80-120 units for assisted living, independent living, apartments, etc.

Description

Development Opportunity in Princeton, MN with $15mln of TIF. Engineering is done and city has approved 34 twinhome villas, 56 townhomes, and a commercial building that can be 80-120 units for assisted living, independent living, apartments, etc. This would be a perfect opportunity for an aging in place model with the twinhomes and commercial building providing senior services. Market study is complete by Viewpoint showing unmet demand for 110+ units of independent living, assisted living, and memory care in the area. City has approved $15mln of TIF funding to support the development of the project. Engineering is done and this project will be "shovel-ready" at the end of January. Reach out for more details.

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  • Jaden Ghylin
    Jaden Ghylin
  • Ascent Equity, LLC.
(941) 233-0331

  • Listing ID: 34133453

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: 1849 100th Ave, Princeton, MN 55371

The Land Property at 1849 100th Ave, Princeton, MN 55371 is currently available For Sale. Contact Ascent Equity, LLC. for more information.

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1849 100th Ave - $15mln TIF Development in Princeton, MN
(941) 233-0331 x

1849 100th Ave - $15mln TIF Development in Princeton, MN

Jaden Ghylin

(941) 233-0331

(941) 233-0331

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