for sale 2590 cates ranch drive · for sale 2590 cates ranch drive hamel, mn 55340. presented by:...

FOR SALE 2590 CATES RANCH DRIVEHAMEL, MN 55340

Presented By:

Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]

Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]

PROPERTY INFORMATION 3

LOCATION INFORMATION 7

DEMOGRAPHICS 14

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2590 CATES RANCH DRIVEHAMEL, MN 55340

TABLE OF CONTENTS

PROPERTY INFORMATION

Presented By:



OFFERING SUMMARY

Sale Price: $5,255,000

Lot Size: 36.92 Acres

Zoning: Urban Reserve

Traffic Count: 95

Price / SF: $3.27

36.92 Acres of Development land on Hwy 55 & Willow Drive! One of the last undeveloped parcelswith Water/Sewer available for sites. Up to ~73.5 of contiguous acres for Development! Willing tosubdivide. Two miles west of Hwy 101 with frontage on Hwy 55. City of Medina is very receptive to avariety of uses – Urban Reserve Zoning. Please submit all offers – Seller is very motivated!

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• 36.92 Acres For Development

• Located Directly off of Hwy 55

• Water and Sewer Available

• ~73.5 Contiguous Acres Availble

• Zoning Currently Urban Reserve

• Motivated Seller

S E C T I O N 1 / P A G E 42590 CATES RANCH DRIVEHAMEL, MN 55340

EXECUTIVE SUMMARY

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SALE PRICE $5,255,000

LOCATION INFORMATION

Street Address 2590 Cates Ranch Drive

City, State, Zip Hamel, MN 55340

County/Township Hennepin/118

Range 23

Section 04

Side Of Street North

Road Type Paved

Market Type Rural

Nearest Highway Hwy 55

LAND

Number Of Lots 1

Best Use Residential or Commercial Development

Irrigation Yes

Water Yes

Telephone Yes

Cable Yes

Sewer Yes

Soil Type Mixed

PROPERTY DETAILS

Property Type Land

Property Subtype Residential

Zoning Urban Reserve

Lot Size 36.92 Acres

APN# 0411823110002

Lot Frontage 1,133

Lot Depth 1,294

Traffic Count 95

Traffic Count Street Willow Dr N

Traffic Count Frontage 1133

Taxes $2,424.00

UTILITIES & AMENITIES

Power Yes


PROPERTY DETAILS

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ADDITIONAL PHOTOS

LOCATION INFORMATION

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RURAL RESIDENTIAL - URBAN RESERVE

The land is currently zoned as Rural Residential-Urban Reserve. The purpose of this district is to provide a zoning districtwhich is consistent with the area guided for future residential or mixed-use development in the city’s comprehensive plan.The district includes areas which are not currently served by municipal urban services but are planned to be at some timein the future. Development within the RR-UR district shall be limited as specified in this section of the ordinance in orderto accommodate efficient future development.

For more information and permitted uses on Rural Residential-Urban Reserve zoning follow the link, see page 12.

https://medinamn.us/wp-content/uploads/2010/08/826-Zoning-Districts1.pdf


ZONING MAP

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FLOOD ZONEThe land is located in a area of minimal flood hazard zone

PLANT COVERAGE MAPThe property does not have any known special or non native planspecies. Land quality has now been mapped for this location.


LAND MAPS

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LAND COVER MAPThe property is currently Planted / Cultivated Vegetation.

SOIL MAPThe land is primarily L45A. L45A—Dundas-Cordova complex, 0 to 3 percent slopesComponent Description, Dundas and similar soilsExtent: 50 to 75 percent of the unitGeomorphic setting: MorainesPosition on the landform: FlatsSlope range: 1 to 3 percentTexture of the surface layer: Silt loamDepth to restrictive feature: Very deep (more than 60inches)Drainage class: Somewhat poorly drainedParent material: TillFlooding: None

For More Information please visit the following link. See page 112

https://www.nrcs.usda.gov/Internet/FSE_MANUSCRIPTS/minnesota/MN053/0/hennepin.pdf

S E C T I O N 2 / P A G E 1 02590 CATES RANCH DRIVEHAMEL, MN 55340

LAND MAPS

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LOCATION MAPS

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AERIAL MAPS

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CITY OF MEDINA

Medina was a part of the “Big Woods,” a vast region of hardwood forest, broken onlyby lakes, marshes, and streams. Its Dakota people lived on game, fish, berries, wildrice, and maple sugar and traded with other bands in the region.In 1853, theTraverse de Sioux Treaty opened up the region to white settlers, who were attractedby the huge stands of timber and the availability of land for farming.

The first settlers arrived in Medina in 1855. On April 10, 1858, County Commissionersgave the City an official designation as “Hamburg Township.” Local residentspreferred the name, “Medina,” after the Arabian holy City that was in the news thatyear. On May 11, 1858, 37 residents met in the home of Valorius Chilson and votedunanimously to change the name.Medina’s early European settlers were chieflyGerman, Irish and French-Canadian and had names still common in Medina, likeScherer and Reiser; Mooney and Crowe; Hamel and Fortin. The first generationstended to group according to their language ties and to help each other throughthe long hard winters.

Townships were always divided into 36 sections, each consisting of a square mile.This meant that the City of Excelsior extended beyond the north shore of LakeMinnetonka to Medina’s southern border. Excelsior’s northern residents toleratedthis inconvenience until 1868, when Excelsior’s north shore residents voted tobecome a part of Medina.

This expanded Medina to over 50 square miles.In 1889, George A. Brackett led asuccessful drive to carve the City of Orono out of the southern 11 sections of Medina.Later, the City also ceded away land to Loretto, when it incorporated in 1940.Loretto had been platted since 1886 at the time the Minneapolis & St. Paul andSault St. Marie railroad came through.

The Hamel area of Medina was platted as a City as early as 1879, but its efforts toincorporate failed, in part, because of the complication of straddling the borders ofboth Medina and Plymouth. The town might have been called Lenz after LeanderLenzen, who built a mill on Elm Creek and set up a post office in the name of Lenzin 1861. But, when the Lange Hamel family gave land to the railroad for the traindepot in 1884 they asked that it be called “Hamel,” and the name took root. To thisday, people call this area of Medina, Hamel.


CITY OF MEDINA

DEMOGRAPHICS

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POPULATION 1 MILE 5 MILES 10 MILES

Total population 559 16,278 183,257

Median age 42.3 41.6 39.3

Median age (Male) 41.6 41.2 38.9

Median age (Female) 42.9 41.8 39.5

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 189 5,570 68,539

# of persons per HH 3.0 2.9 2.7

Average HH income $181,148 $168,818 $128,426

Average house value $513,406 $486,296 $382,507

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP & REPORT

for sale 2590 cates ranch drive · for sale 2590 cates ranch drive hamel, mn 55340. presented by:...

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