1955 Hwy 47

Well-positioned infill opportunity suited for multifamily development. Preliminary City feedback supports residential density, helping reduce entitlement risk and streamline the path to construction. Potential upper story views of Lake Mille Lacs and resident lake access, provide a basis for rent premiums and improved project economics. 6.18-acre commercial development site consisting of four parcels. Located in Mille Lacs Cty. Along Hwy 47 with frontage road access. Sewer/ water connections stubbed in at the northwest corner. Adjacent to Dollar General. Options: retail/office, multifamily (24+ units possible) 3 stories, 36 ft lakeview possible top floors. Existing apartment communities are fully leased with substantial waitlists.