XXXX Hope Way Corcoran

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XXXX Hope Way Corcoran

Corcoran, MN 55374
Asking Price
$850K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel offered for sale in Corcoran
  • Asset includes 18 city-approved paper lots
  • Asking price for the property is $850,000
  • Located within the suburban Minneapolis-St. Paul market
  • Site supports residential development and subdivision planning

What's Special

Priced at $850,000, this land opportunity in Corcoran consists of 18 city-approved paper lots. The site is zoned for residential development, providing a clear path forward for developers looking to expand housing inventory in this growing suburban market within the Minneapolis-St. Paul metropolitan area. Corcoran remains an attractive destination for residents seeking a balance of accessibility to major regional employment hubs and the benefit of open, developable space. Residential builders and investors can capitalize on the established entitlement status of these lots, which streamlines the pre-construction phase of the project. This asset is well-suited for a subdivision development, catering to the demand for new single-family housing options in the region. The proximity to regional transit routes and suburban infrastructure ensures long-term viability for residential occupancy.

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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