Mixed-Use Land for Sale in Princeton, Minnesota
S Rum River Dr Princeton, MN 55371
An exceptional 5-acre plot in a prime Princeton location is now available! 3 PIDs make up this parcel located in both R3 and B2 zoning districts, and adjacent to B3, offers opportunities to tailor to your use and vision. Property is accessible on both Rum River Drive S and 7th Avenue S, located just a block away from Princeton High School and surrounded by thriving businesses like Kwik Trip, Coborns, AmericInn, McDonalds, Caribou Coffee, M Health Fairview Medical Center, offering a premium location ensuring visibility and accessibility. Listed PID is zoned R3 and sale includes 2 additional PIDs zoned B2 (church building). Asking price is $4.58/sf (including buildings), therefore a very affordable opportunity for redevelopment or repurposing for your specific plans and endeavors.
Directions
From Hwy 169,take Rum River Drive exit; north on Rum River Drive to property on Left, just pass the McDonalds/Coborns stoplight. (Can access from Rum River Drive or 7th Ave via Smith System Road). From Hwy 95; South on Rum River Drive to property on Right.
Property details
- County
- Mille Lacs County
- Zoning
- Business/Commercial, Residential-Multi-Family
- Elevation
- 971 feet
- MLS Number
- RMLS 6550166
- Date Posted
Legal description
CITY OF PRINCETON W 387.9 FT OF N 170.4 FT OF S 865.9 FT OF SW OF SE, EX S 7 FT OF N 456.3 FT FT OF W 287.75 FT 33 36 26 1.47
Parcels
- 240330820
Detailed attributes
Listing
- Type
- Lots And Land
- Franchise
- Century 21 Real Estate
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 11, 2024 | New listing | $998,000 | — | RMLS |