Hwy 169

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Hwy 169

Elk River, MN 55330
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

Situated along the Highway 169 corridor in Elk River, Minnesota, this undeveloped land parcel benefits from high visibility and direct regional access. The surrounding neighborhood features a mix of established retail centers, light industrial facilities, and professional services. Nearby amenities include major big-box retailers, dining options, and local government offices. The location serves as a primary northern gateway for the Twin Cities metro area, offering efficient transportation links to Highway 10 and Interstate 94, facilitating convenient logistics for commuters and commercial transport alike. The property is suited for a variety of commercial or industrial developments, contingent upon local zoning mandates. Ideal use cases include retail storefronts, service-oriented businesses, or specialized equipment storage. The site is well-positioned for owner-occupants seeking highway frontage or developers targeting the expanding suburban commercial market. Potential tenants typically include regional distributors, automotive service providers, or hospitality operators looking to capitalize on the area's steady traffic counts and growing residential population.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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