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<br />Description: <br />This prime mixed-use development opportunity is located on the west side of Old Hwy 8 and north of <br />Mustang Drive approximately nine miles northeast of Downtown Minneapolis and 11 miles northwest of <br />Downtown St. Paul. The site is situated in close proximity to transportation networks, major <br />employment centers, colleges, and universities, regional shopping centers and numerous recreational <br />spots. <br /> <br />Property Addresses: <br />4889 Old Highway 8, Section 17 Town, 30 Range 23 <br />4889 Old Highway 8, Section 17, Town 30, Range 23 <br />4889 Old Highway 8, Section 17, Town 30, Range 23 <br /> <br />Lot Size: <br />2.85 acres includes all 3 parcels (Relatively flat, some sloped, some wetland and trees, Old Highway 8 <br />access, quick access to I-35W) <br /> <br />Price: <br />$724,700 includes all 3 parcels both building and land as per 2014 Ramsey County Estimated Market <br />Values Payable 2015 (Asking Price $1,400,000, owner will only sell all 3 parcels together) <br /> <br />Status: <br />Mostly motel with one vacant lot. <br /> <br />Zoning: <br />All parcels are I-1 (Industrial) Provide for the establishment of warehousing and industrial development. <br /> <br />Possible/Permitted Uses I-1: Adult establishments, building materials, sales yards, retail lumber yard, <br />contractors equipment sales and rentals, storage and sale of food, and fuel not for resale, flammable <br />liquids above ground storage not to exceed a total of eight hundred (800) gallons, underground bulk <br />storage not to exceed twenty five thousand (25,000) gallons if located not less than fifty feet (50’) from <br />a residential district, golf course, governmental and public utility building and structures, greenhouses, <br />and nurseries, motorized vehicles or recreational equipment sales and service and rental, newspaper <br />and general printings, warehouses, wholesale and retail showrooms and offices; provided that at least <br />fifty percent (50%) of the principal building is devoted to storage or warehousing of merchandise. <br /> <br />Accessory Uses: Buildings and structures for a use accessory to the principle use; Office accessory to the <br />principal use, Off-street parking with stipulations, Off-street loadings with stipulations, Signs with <br />stipulations. <br />