Development Site B (McNary)

Investment Overview

This property is located just north of the intersection of County Road 74 and 33rd St., South., It's adjacent to other real estate that's on the market to be assembled based on a developer's requirement. The assemblage could approximate 30 acres in total. The two-story, 2500 SF home is currently occupied and there are two outbuildings of 624 and 832 SF respectively. Recent development in the area includes; Stonegate Dental, Simplicity Health/360 Chiropractic and Self Storage Units. Under Construction or Land Secured; 70 Unit Apartment Complex, F&M Bank, Pinecone Vision Eye Clinic, Medical Imaging and 374 Unit Apartment Complex. Zoning: Property is zoned residential homestead. Likely to be rezoned to PUD.

Investment Highlights

• 33rd Street South has just been upgraded to four lanes with center median, turning lanes and roundabouts. The street is the new East-West Beltway in South St. Cloud.
• The new $125 million St Cloud Tech High School, a 100 acre site.
• The new location of Stride Academy Charter School.
• The new Athlos Academy Charter School.
• Over 700 platted or contemplated homesites in the immediate area.
• Establishment of a 160 acre Neenah Creek Park with walking trails/cross-country ski trails and ballfields.