1112 River Road NE, Saint Michael, MN 55376

Overview

Description

46+/- investment opportunity with tremendous development potential inside the city limits of Hanover. This prime piece is in a growing area nestled amongst developments within 40 minutes of Minneapolis. The development options are split right through the property with multi-family / residential options on the north side and industrial on the south. This community is open to ideas to strengthen the town’s already sought after appeal. You can find everything at your fingertips but still maintaining that small town feel. If you are looking for an investment opportunity this is it. These types of acreage do not come along often and anyone would be lucky to acquire. Hanover is northwest of the cities and is within striking distance of Rogers, St. Michael, Otsego, Albertville, Maple Grove, Rockford and Buffalo. As already stated this is an upcoming area as the cities grow out. This piece of land has tremendous potential. Buyer need to verify all remarks.

General Property Information

Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: Yes
Waterfront YN: No
Yearly/Seasonal: Yearly
Zoning: Industrial, Residential-Multi-Family
Lot Dimensions: 1544x1319x1557x1316
Acres: 45.27
Association Fee: 0

Property Features

Available Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Private Septic Available; Private Septic Connected; Private Well Connected; Water Available Development Status: Raw Land Financing Terms: Conventional Improvements: None Land Inclusions: Abstract Topography: Other

Contract Information

Off Market Date: 2025-08-08
Contingency: None
Closed Date: 2026-03-06
Original List Price: 1999999
Sales Close Price: 1800000
ListPrice: 1999999
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1112
Street Name: River
Street Suffix: Road
Street Direction Suffix: NE
Postal City: Saint Michael
County: Wright
State: MN
Zip Code: 55376

Acreage Information

Taxable Acres: 46

Assessments

Tax With Assessments: 7082
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#: 24
Section#: 25
Township#: 120

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: SECT-25 TWP-120 RANGE-024 UNPLATTED LAND HANOVER 45.27 AC S1/2OF SW1/4 EX CEM EX PRT TO HWY EX TR DES IN BK280-206 EX PRT PLATTED AS SCHENDELS WOODLAND HILLS EX TR DES ON DOC513169
Listing City: Saint Michael
Map Page: 60
Municipality: Hanover
School District: Buffalo-Hanover-Montrose
School District Phone: 763-682-8707
Zip Plus 4: 2712
Property ID Number: 108500253401
Tax Year: 2024
Tax Amount: 7082
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: 46+/- investment opportunity with tremendous development potential inside the city limits of Hanover. This prime piece is in a growing area nestled amongst developments within 40 minutes of Minneapolis. The development options are split right through the property with multi-family / residential options on the north side and industrial on the south. This community is open to ideas to strengthen the town’s already sought after appeal. You can find everything at your fingertips but still maintaining that small town feel. If you are looking for an investment opportunity this is it. These types of acreage do not come along often and anyone would be lucky to acquire. Hanover is northwest of the cities and is within striking distance of Rogers, St. Michael, Otsego, Albertville, Maple Grove, Rockford and Buffalo. As already stated this is an upcoming area as the cities grow out. This piece of land has tremendous potential. Buyer need to verify all remarks.
Directions: Off of 94, access Labeaux Ave. NE and head south 5 miles, turn east on 15th St. NE, turn back south on River Rd. NE, property is on west side of road in .4 miles

Development Status

Raw Land: Yes

Financing Terms

Conventional: Yes

Insurance Fee

Insurance Fee: 0

Restriction/Covenants

None: Yes

Topography

Other: Yes

Available Utilities

Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Private Septic Available: Yes
Private Septic Connected: Yes
Private Well Connected: Yes
Water Available: Yes

Improvements

None: Yes

Land Inclusions

Abstract: Yes