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About This Home
A 0.99 acre lot guided under medium density R-3 zoning forms the core of this property in Bloomington. The site supports a range of residential configurations including townhomes, duplexes, triplexes, fourplexes, detached townhomes or cottage courts. A prior approved site plan outlines access from 86th Street along with an emergency exit onto Penn Avenue.
Positioned at 8545 Penn Avenue S, the land sits ready for development without existing structures. Bloomington currently shows 69 active listings with an average price near $383,580, placing this parcel in a market segment suited to multi-unit projects. The zoning and pre-approved layout provide a clear framework for builders exploring medium-density options on the 0.99 acre parcel.
Guided medium density zoned R-3 1.88 acre site in the heart of Bloomington. --> Could be townhomes, duplexes, triplexes, fourplexes, detached townhomes (villas) or cottage courts and a whole lot more! --> Prior approved site plan with access to 86th Street and Penn Avenue (emergency exit).
Key Features
- 0.99 acre lot
Location
8545 Penn Avenue S
Bloomington, MN 55431
Questions & Answers
This 0-bedroom, 0-bathroom land at 8545 Penn Avenue S is listed at $925,000. The estimated monthly payment is $4,008 based on 20% down at 6.5% interest.
Key features include: 0.99 acre lot.
This property is listed by Tim Murphy and can be reached at 9522230999 or concierge@metropolitanhometeam.com.