720 Bluff Avenue, Shakopee, MN 55379

$247,500
Property Type: Land Lot Size (sq. ft.): 22,651 Status: Pending
Current Price: $247,500 List Date: 1/02/2026 Last Modified: 4/29/2026

Overview

Description

Prime Development Opportunity in Downtown Shakopee! Don’t miss this excellent corner lot located at Bluff Avenue and Market Street in the heart of Shakopee. With over ½ acre (159x142), alley access, and great visibility, this site offers endless potential. Zoned B-1 Highway Business, the property allows for a wide variety of uses. Possibilities include multi-family housing with potential for up to 30 units and building heights up to 45 feet, mixed-use development combining residential with retail or office space, or office and medical buildings. Businesses will also benefit from the highly visible and easily accessible location. The property currently features a small older home in need of repair, a garage, and established utility access. With its size, zoning flexibility, and prime downtown location, the true value is in the land and its development potential. Bring your business, development, or multi-family ideas to this outstanding site and take advantage of one of Shakopee’s most versatile opportunities!

Listing Details MLS# 6780412

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront Present
No
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Dimensions
159x142
Acres
0.52
Assessment Pending
No
Association Fee
0

Property Features

Assumable Loan: Not Assumable Available Utilities: Cable Available; Cable Connected; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected Development Status: Other Improvements: Paved Streets Land Inclusions: Platted Sellers Terms: Cash; Conventional Topography: Level

Contract Information

Off Market Date
2026-04-29
Contingency
None
Original List Price
275000
ListPrice
247500
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
720
Street Name
Bluff
Street Suffix
Avenue
Postal City
Shakopee
County
Scott
State
MN
Zip Code
55379
Complex/Dev/Subdivision
East Shakopee

Assessments

Tax With Assessments
2406
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
SUBDIVISIONNAME EAST SHAKOPEE LOT 009 BLOCK 008 SUBDIVISIONCD 27004 & 10 & W2/3 OF LOT 8
Listing City
Shakopee
Map Page
146
Municipality
Shakopee
School District
Shakopee
School District Phone
952-496-5006
Zip Plus 4
1538
Property ID Number
TBD
Tax Year
2025
Tax Amount
2406
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Prime Development Opportunity in Downtown Shakopee! Don’t miss this excellent corner lot located at Bluff Avenue and Market Street in the heart of Shakopee. With over ½ acre (159x142), alley access, and great visibility, this site offers endless potential. Zoned B-1 Highway Business, the property allows for a wide variety of uses. Possibilities include multi-family housing with potential for up to 30 units and building heights up to 45 feet, mixed-use development combining residential with retail or office space, or office and medical buildings. Businesses will also benefit from the highly visible and easily accessible location. The property currently features a small older home in need of repair, a garage, and established utility access. With its size, zoning flexibility, and prime downtown location, the true value is in the land and its development potential. Bring your business, development, or multi-family ideas to this outstanding site and take advantage of one of Shakopee’s most versatile opportunities!
Directions
Marschall Rd South to 1st Ave, West to Market St, North to Bluff

Assumable Loan

Not Assumable
Yes

Development Status

Other
Yes

Insurance Fee

Insurance Fee
0

Restriction/Covenants

None
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Level
Yes

Available Utilities

Cable Available
Yes
Cable Connected
Yes
Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes

Improvements

Paved Streets
Yes

Land Inclusions

Platted
Yes
Listing Office: RE/MAX Advantage Plus
IDX
Last Updated: April - 29 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.