8054 Spring Lake Road NE, Minneapolis, MN 55432

New Listing
$575,000
Property Type: Land Lot Size (sq. ft.): 72,310 Status: Active
Current Price: $575,000 List Date: 5/06/2026 Last Modified: 5/08/2026

Overview

Description

Prime 1/7-acre corner site on Hwy 10 with excellent visibility and high traffic counts. Currently zoned C2 with limited commercial uses. Comprehensive Plan guides the property for medium=density residential (up to 10 units per acre). City has indicated receptiveness to R-3 rezoning, make this an ideal opportunity for townhome, multifamily, or senior housing development. Strong nearby housing demand supports the area, with neighboring properties reporting extended waitlists for 2 bed units and rates around $1700/month. Senior housing benefits from reduced parking requirements, allowing for more efficient layout. Hwy 10 corridor improvements and potential lane/access modifications may impact future access. Existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market and development requirements.

Listing Details MLS# 7068759

General Property Information

Comp Sale YN
No
Development
No
Drainage
Good
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront Present
No
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Dimensions
378x192x92x257x191
Acres
1.66
Assessment Pending
No
Association Fee
0

Property Features

Assumable Loan: Not Assumable Available Utilities: Electricity Available; Natural Gas Available; None Connected; Sewer Available; Storm Sewer Available Development Status: Other Existing Financing: Other Fencing: Full Improvements: Public Road; Storm Sewer Land Inclusions: None Lot Description: Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Medium Property SubType: Acreage Road Frontage: County Road; Highway; Paved Streets; Storm Sewer; Street Lights; Township Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Sellers Terms: Cash; Conventional; Other Topography: Level

Contract Information

Contingency
None
Original List Price
575000
ListPrice
575000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
8054
Street Name
Spring Lake
Street Suffix
Road
Street Direction Suffix
NE
Postal City
Minneapolis
County
Ramsey
State
MN
Zip Code
55432
Complex/Dev/Subdivision
Auditors Sub 89

Acreage Information

Taxable Acres
Yes

Assessments

Tax With Assessments
4440
Assessment Balance
0

More Information

Builder Information

Builder Restrictions
Open

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
06
Township#
30

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
AUDITORS SUBDIVISION NO 89 SUBJ TO HWY & DRIVE; PART OF LOT 15 SELYOF AL RUN SWLY AT RA FROM NELY L TO PT ON SL OF & 602.32 FT E FROM SW COR THEREOF & ALSO EX W 345 FT & EX S 74 FT; LOT 16
Listing City
Spring Lake Park
Map Page
79
Municipality
Spring Lake Park
School District
Mounds View
School District Phone
651-621-6001
Zip Plus 4
4223
Property ID Number
063023320043
Tax Year
2026
Tax Amount
4440
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Prime 1/7-acre corner site on Hwy 10 with excellent visibility and high traffic counts. Currently zoned C2 with limited commercial uses. Comprehensive Plan guides the property for medium=density residential (up to 10 units per acre). City has indicated receptiveness to R-3 rezoning, make this an ideal opportunity for townhome, multifamily, or senior housing development. Strong nearby housing demand supports the area, with neighboring properties reporting extended waitlists for 2 bed units and rates around $1700/month. Senior housing benefits from reduced parking requirements, allowing for more efficient layout. Hwy 10 corridor improvements and potential lane/access modifications may impact future access. Existing home is a teardown and sold as-is. Buyer to verify all zoning, density, market and development requirements.
Directions
From Hwy 65 & Hwy 10, go east on Hwy 10 to Spring Lake Road NE, Property is on the corner of Hwy 10 and Spring Lake Road.

Assumable Loan

Not Assumable
Yes

Development Status

Other
Yes

Existing Financing

Other
Yes

Fencing

Full
Yes

Insurance Fee

Insurance Fee
0

Lot Description

Corner Lot
Yes
Public Transit (w/in 6 blks)
Yes
Tree Coverage - Medium
Yes

Restriction/Covenants

Other
Yes

Road Frontage

County Road
Yes
Highway
Yes
Paved Streets
Yes
Storm Sewer
Yes
Street Lights
Yes
Township
Yes

Road Responsibility

Public Maintained Road
Yes

Sale Options

Sell Entirely
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
Other
Yes

Topography

Level
Yes

Available Utilities

Electricity Available
Yes
Natural Gas Available
Yes
None Connected
Yes
Sewer Available
Yes
Storm Sewer Available
Yes

Improvements

Public Road
Yes
Storm Sewer
Yes

Land Inclusions

None
Yes

Property SubType

Acreage
Yes
Listing Office: Counselor Realty
IDX
Last Updated: May - 08 - 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.