Commercial Land / Minnesota / Two Harbors / 55616 / 515 10th Avenue

515 10th Avenue

Two Harbors, MN 55616

Listing ID: 300697

$299,900

For Sale

Property Type Land for Sale : Mixed Use Land
Lot Size Acres 2.571
Land Sq Ft 111,992
Land Price per Sq Ft $2.68

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Property Highlights

• 2.5 Acres

• PRIME Two Harbors, MN location (Just outside of Duluth & along North Shore)

• NO ACCESS to building (Redevelopment only)

• Development Contact: Justin Otsea - Senior Planner - ARDC Planning, ARDC

• Possible $'s available for demo & construction

• Aerial tour available

Description

Ready for redevelopment, the John A Johnson Elementary school has been vacant since 2006. This is a unique opportunity to redevelop an entire city block within the city of Two Harbors, MN, located on the beautiful North Shore. Single family, twin homes, or higher density could be built with a conditional use permit. Grants and potentially municipal funding could be provided for tear down of existing school structure. Housing study available for review, which suggests a demand of up to 700+ units needed in Two Harbors, MN by 2036. Needed projects specifically are Association-maintained products or Age-restricted housing. The extremely low vacancy rate in the city (At under 2%) requires more development and this is your site!

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Listing Demographics for 515 10th Avenue Two Harbors, MN 55616

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,685	3,934	4,627
Population Median Age		43	41	42
Population by Age	0-9 Yrs	169 (10%)	483 (12%)	580 (12%)
	10-19 Yrs	158 (9%)	420 (10%)	452 (9%)
	20-29 Yrs	279 (16%)	628 (15%)	661 (14%)
	30-39 Yrs	169 (10%)	422 (10%)	511 (11%)
	40-49 Yrs	180 (10%)	428 (10%)	490 (10%)
	50-59 Yrs	247 (14%)	523 (13%)	631 (13%)
	60-69 Yrs	214 (12%)	494 (12%)	652 (14%)
	70+ Yrs	268 (15%)	536 (13%)	651 (14%)

Median HH Income		$57,728	$59,254	$63,136
Total Household Income	< 24K	217 (25%)	379 (20%)	401 (18%)
	25-49K	136 (16%)	356 (18%)	399 (18%)
	50-74K	195 (23%)	465 (24%)	540 (24%)
	75-99K	136 (16%)	302 (16%)	345 (15%)
	100-199K	141 (16%)	347 (18%)	480 (21%)
	200K+	15 (1%)	29 (1%)	33 (1%)

Highest Education Level	No Diploma	92	213	225
	Diploma or GED	355	844	1017
	Some College	270	576	673
	Assoc. Degree	170	369	484
	Bachelors Degree	185	454	562
	Higher Degree	111	191	242

Total Housing Units		941	2,198	2,680
--Owner-Occupied		538	1,322	1,632
--Renter-Occupied		302	557	565
Owner-Occupied Values	< 100K	94	186	224
	100-199K	328	804	861
	200-299K	87	234	364
	300-399K	12	47	83
	400-499K	16	32	37
	500K+	2	19	64

Total Working Age Population		1,433	3,224	3,793
In Work Force		808	1,874	2,188
Not In Work Force		626	1,350	1,606
Workforce Employed		772	1,822	2,133
Workforce Unemployed		36	52	54
Civlian Workforce		808	1,874	2,188
Military Workforce		0	0	0

Total Households		841	1,879	2,198
Family Households		473	1,161	1,418
Non-Family Households		367	717	780
Married Couple		345	812	1,056
Other Family		128	350	362
Married w/Child		128	363	411
Single Male w/Child		39	111	116
Single Female w/Child		37	106	106

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Minnesota	4,919,479	+8	5,303,925	+7	5,687,161	+5	5,974,304
Lake County	11,058	-2	10,866	-6	10,238	-7	9,536

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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