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Lakeville, MN • I-35 & Co Rd 46 23.7 Acres Commercial Land for Sale

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Lakeville, MN • I-35 & Co Rd 46 23.7 Acres Commercial Land for Sale Contact Ross Malinski, Owner/Broker 612.455.4000 | Cell 612.455.4001 [email protected] www.guardiancompanies.com Real Estate Services Lakeville, MN • I-35 & Co Rd 46 23.7 Acres Commercial Land For Sale/Lease Will Subdivide Trust. Value. Results. Table of Contents 1..... Property Summary 2..... Location Map 3..... Surrounding Businesses 4..... Site Concept Plan 5..... Trac Counts 6..... Demographics Summary 8..... General Market Overview 10..... Business Market Overview 12..... Zoning Real Estate Services LLC Cedar Ave S, Suite 300 Minneapolis, MN 55337 Voice 612.455.4000 Cell 612.455.4001 Fax 612.455.4001 [email protected] www.guardiancompanies.com DISCLAIMER While the information contained herein is from sources deemed reliable, it has not been independently veried. We use information provided by organizations and agencies which track market data, and therefore, make no representation with respect to the information. The projections contained within this document represent best estimates based on assumptions considered reasonable to the circumstances at the time of publication. No representations or warranties, expressed or implied, are made that actual results will conrm to such projections. The advisors or Owner or any of their aliates reserve the right to reject any or all proposals or expressions of interest in the subject property at their discretion, and to terminate discussions with prospects at any time with or without notice. Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 Property Summary Property Size 23.7 acres Location Southwest corner of I-35 and County Road 46 Address 10906 162nd Street West, Lakeville, MN 55044 Zoning This property is zoned C-3, which includes all uses of C-1 and C-2. The property falls into the Shoreland District Overlay of Lee Lake. Property Highlights Great Visibility Convenient Easy Freeway Access Lakeshore Site Close to Minneapolis, St. Paul and MPS Airport Nearby Retail and Oce Businesses Growing Community Potential Usage Medical Facility, Hotel, Restaurant, Event Center, Bank Oces, Retail or Service Utilities Water & Sewer: City of Lakeville Fiber & Telephone: Frontier Communications Electricity: Dakota Electric PIDS Taxes Lakeville City Planning (952) 985-4420 Land Area Summary Gross Area of property = 1,033,983 sq. ft (23.737 acres) Area of property (excluding lake) = 629,280 sq. ft (14.446 acres) Area of property between shoreline and 75’ setback line = 222,499 sq. ft (5.108 acres), Area of property outside of 75’ setback = 406,781 sq. ft (9.338 acres), North “parcel” = 279,486 sq. ft (6.416 acres) South “parcel” = 127,295 sq. ft (2.922 acres) PRICE AVAILABLE UPON REQUEST 1 Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 Location Map Location The property is located on the I-35 corridor in the southern section of the metro Minneapolis area. Lakeville Property 2 Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 Surrounding Businesses Buck Hill Lakeville Property Brunswick Strip Recreation Starbucks Kwik Trip Center Mall KFC Harley Davidson Celebration Church Gander Mountain HOM Furniture Cracker Barrel Old Country Store Fleet Farm 3 Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 Site Concept Plan This plan is for conceptual purposes only and is not approved. 4 Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 Trac Counts Interstate 35 101,000 vehicles per day 162nd Street 32,000 vehicles per day Kenyon Avenue 1,650 vehicles per day Trunk freeway routes are 2006 A.A.D.T. volumes County system roads are 2007 A.A.D.T. volumes Municipal street routes are 2007 A.A.D.T. volumes 5 Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 Demographics Summary Site Type: 10906 162nd St W 10906 162nd St W 10906 162nd St W Radius Lakeville, MN 55044 Lakeville, MN 55044 Lakeville, MN 55044 Radius: 1.0 mile Radius: 3.0 miles Radius: 5.0 miles Population 1990 Population 3,682 35,068 94,673 2000 Population 6,044 51,098 134,277 2007 Population 6,813 58,196 158,078 2012 Population 7,444 64,212 178,527 1990-2000 Annual Rate 5.08% 3.84% 3.66% 2000-2007 Annual Rate 1.93% 2.10% 2.65% 2007-2012 Annual Rate 1.79% 1.99% 2.46% 2007 Poplution Total Population 6,813 58,196 158,078 Male Population 50.8% 50.1% 49.7% Female Population 49.2% 49.9% 50.3% Median Age 33.3 33.1 33.7 In the identied market area, the 2007 population was 158,078. In 2000, the Census count in the market area was 134,277. The rate of change since 2000 was 2.65 percent annually. The ve-year projection for the population in the market area is 178,527, representing a change of 2.46 percent annually from 2007 to 2012. The population is 49.7 percent male and 50.3 percent female. 6 Demographics Summary continued Households 1990 Households 1,248 11,927 32,339 2000 Households 2,036 17,726 47,330 2007 Households 2,334 20,590 56,961 2012 Households 2,564 22,847 64,758 1990-2000 Annual Rate 5.02% 4.04% 3.88% 2000-2007 Annual Rate 2.21% 2.43% 3.01% 2007-2012 Annual Rate 1.90% 2.10% 2.60% 2007 Households Total Households 2,334 20,590 56,961 Average Household Size 2.92 2.82 2.77 2000-2007 Annual Rate 2.21% 2.43% 3.01% The household count in this market area has changed from 47,330 in 2000 to 56,961 in 2007, a change of 3.01 percent annually. The ve-year projection of households is 64,758, a change of 2.6 percent annually from the 2007 year total. Average household size was 2.77 in 2007, compared to 2.82 in the year 2000. The number of families in 2007 was 41,715 in the market area. 2007 Housing Owner Occupied Housing Units 82.6% 79.9% 79.4% Renter Occupied Housing Units 14.9% 17.7% 18.1% Vacant Housing Units 2.5% 2.3% 2.5% In 2007, 79.4 percent of the 58,396 housing units in the market area were owner occupied; 18.1 percent renter occupied; and 2.5 percent are vacant. In 2000, there were 48,161 housing units - 79.4 percent owner occupied, 18.9 percent renter occupied, and 1.7 percent vacant. The rate of change in housing units since 2000 is 2.69 percent. Median home value in the market area is $279,905, compared to a median home value of $192,285 for the U.S. In ve years, median home value is projected to change by 3.02 percent annually to $324,850. From 2000 to 2007, median home value changed by 8.23 percent annually. 7 Lakeville Commercial Property for Sale/Lease 10906 162nd St W, Lakeville, MN 55044 General Market Overview Demographics Estimated population growth in Minnesota between 2000 and 2008 is 5.8 percent. Minnesota’s popula- tion will continue to grow. According to the State Demograpic Center, between 2010 and 2020 the state’s population is projected to increase more than nine percent to 5,943,230 people. The labor force is estimated to increase six percent to 3,278,320 individuals. Minnesota’s population is expected to become more racially and ethnically diverse, according to the State Demographic Center. Between 2005 and 2015, the nonwhite population is projected to grow 35 percent, compared to 7 percent for the white population. The Hispanic population is expected to increase 47 percent. Income Levels With a per capita income of $38,751, Minnesota ranked rst in the Midwest and 13th among states in 2006, exceeding the national average by about 6 percent. Minneapolis-St. Paul ranked 16th in the country by metropolitan area in 2005, and 1st in the Midwest with a per capita personal income of $42,091. Per capita income in the state exceeded the national average by about 6 percent. Education Minnesota’s population is one of the most educated in the nation, ranking 11th nationwide in the share of its population that has completed a Bachelor’s degree or higher. In 2007, an estimated 31.0 percent of the population in Minnesota aged 25 and older holds a Bachelor’s degree or higher, compared to 27.5 percent nationwide. Of the Minnesota high school graduates who chose to attend college in the state for the school year 2006-2007 (most recent data), 39 percent attended a community or technical college, 19 percent a state university, 19 percent the University of Minnesota and 23 percent a private college or career school. Nearly 60 percent attended a four-year college. Quality of Life Tall buildings. Tall trees. Great nightlife. Great wildlife. And water, water everywhere. Whether you’re drawn to a shimmering night skyline or a glimmering night sky, you’ll be smitten by Minnesota’s astounding diversity of people, places, and things to do. Culture. Nature. Society. Economy. Health. Wealth. Happiness. By every conceivable measure our quality of life tops the nation. Minneapolis is one of the world’s 25 most livable cities, according to a 2008 report by the British journal Monocle. Minneapolis joined such cosmopolitan cities as Paris, Barcelona and Amsterdam on the list with its cultural buildings, festivals, relatively low cost of living, and highly educated and healthy population. With 30 performance venues, the city has more seats per capita than anywhere in the U.S. except for New York. 8 General Market Overview continued Minneapolis-St.
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