820 Johnson Ave SW - Cokato Residential Development Opportunity

Attention Builders, Developers and Investors! Check out this opportunity for land to develop or invest in. 62.38 acres with 35 acres already within the City of Cokato; the balance in Cokato Township. Cokato is centrally-located from several local cities, as well as economic and employment centers such as St Cloud and the Twin Cities. Utilities are at the street along Johnson Avenue. Zoning is R-1 for the +/-35.60 acres within the City of Cokato and Transition Area for the +/-26.78 acres within Cokato Township. The R-1 district allows single-family dwellings. However, the City Administrator indicated that a proposed development including townhomes/condos or smaller multi-family with 2-12 units may also be considered. The City is open for discussion on TIF or tax incentives. This is a great opportunity for development in a community that anticipates growth and currently has little land available for development.