Property Overview
Price/Rent PSF $ 1,550,000.00
Asset Type Land
Trade Type Sale & Lease
Acres Available 6.00
Date Available 01/12/2018
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Description

Raintree Plaza and it’s adjacent parcel are located at the intersection of Dayton River Road and Balsam Lane North. The proposed improvement project for Balsam Lane will make this a highly sought after location. Improvements to the area include new landscaping, walking paths and lighting that will compliment the areas natural beauty.

The city of Dayton is a progressively growing community that is located along the I-94 corridor and is only 20 minutes from downtown Minneapolis, and 30 minutes from downtown St. Paul.

Space Available:
• Building/Parcel: 111,078 sf (2.55 acres)
• Land: 147,093 sf (3.38 acres)
• 2017 Taxes: $21,225.28 (PID 14-120-22-41-0004) and
$5,677.04 (PID 14-120-22-14-0005) = Total of $26,902.32
• City utilities are stubbed to the property
• Sale Price: $1,550,000 (both parcels)

Demographics and Traffic Counts:
•2016 Population: 1 mile - 5,183, 3 miles - 38,244, 5 miles - 105,517
•2016 Avg HH Income: 1 mile - $55,717, 3 miles - $58,998, 5 miles: $70,215
•Traffic Count: Dayton River Rd - 3,150 vpd and S. Diamond Lake Rd - 3,150 vpd

Location