For Sale: Stillwater MLS# 7025469
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Property Description
This premier downtown Stillwater commercial lot offers a truly irreplaceable location surrounded by historic brick architecture, iconic churches, and the charm that defines the city’s riverfront district. Opportunities like this rarely become available, as there is virtually no comparable vacant land remaining in downtown Stillwater.
The site previously received approval for a 21-unit apartment development consisting of a balanced mix of one-bedroom and two-bedroom residences, demonstrating the strong viability of higher-density residential use. A significant advantage of this property is the inclusion of approximately 40 deeded parking spaces as part of the overall development — an exceptional asset in a downtown setting where parking availability is limited and highly valuable.
Zoned and positioned for versatility, the property is well suited for a variety of uses including multifamily housing, office space, boutique hotel development, restaurant or bar concepts, condominiums, or mixed-use projects.
Located at the highly visible corner of Third Street and Myrtle Street, the site benefits from strong traffic exposure at one of downtown’s most prominent and active intersections. Adjacent to the city parking ramp and offering outstanding views of the historic downtown skyline and the St. Croix River, this property presents a rare opportunity to develop a landmark project in one of Minnesota’s most desirable riverfront communities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,599,000
Property Type:
Lot/Land
City:
Stillwater
County:
Washington
State:
MN
Property Style:
Lot/Land
Zip Code:
55082
Lot & Land
Acres:
0.313
Geolocation:
45.056343, -92.80866
Inclusions:
Soil Test Available, Survey, Topographic Map
Lot Dimensions:
152' x 90'
Restrictions:
Open
Zoning:
- Business/Commercial
- Lot
- Residential-Multi-Family
Farm
Topography:
Gently Rolling, High Ground
Schools
School District:
2291
District Phone:
6513518301
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,112
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,412
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
Curbs, Paved Streets, Public Road, Sidewalks, Storm Sewer
Available Utilities:
- Cable Available
- Electricity Available
- Natural Gas Available
- None Connected
- Phone Available
- Sewer Available
- Storm Sewer Available
- Underground Utilities Available
- Water Available
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Landucci Homes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.