10.1. SR 07-03-2017 EGty1� ,.,�� Request for Action
River
To Item Number
Mayor and City Council 10.1
Agenda Section Meeting Date Prepared by
Work Session July 3, 2017 Cal Portner, City Administrator
Item Description Reviewed by
Discuss Former School District Office Property
Reviewed by
Action Requested
Discuss and provide staff direction.
Background/Discussion
School District#728 has moved their district offices to the former Minnesota School of Business facility
and has placed their former building on the market.
The council may wish to discuss potential uses,impacts to downtown business and traffic,possible
opportunities and/or identify possible longer-term goals for the area.
Financial Impact
N/A
Attachments
■ ISD Marketing Brochure
POWERED 6T
Template Updoted 4/14 INAMIRE1
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
PROPERTY OVERVIEW
Excellent Opportunity for high visibility Elk River Office Space.
Highway 10 frontage with 33,000 VPD.Two floors and approx total
14,190 sq ft on 1.19 Acres.
PROPERTY FEATURES
Excellent Location
High Visibility
US Highway 10 Frontage
14,190 sq ft
SALE PRICE:$899,900
PRICE PER UNIT:-
LOT SIZE:1.19 Acres
BUILDING SIZE:14,190 SF
BUILDING CLASS:C
YEAR BUILT:1979
ZONING:Downtown District
CROSS STREETS:US Highway 10 At Lowell Ave
TRAFFIC COUNT:33,000
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
www.Hardin-CRE.com
KW COMMERCIAL NORTHWEST HARDIN-CRE
612.356.2002
16201 90th St NE,
Suite 100
Otsego, MN 55330
RYAN HARDIN
Broker/Realtor
612.860.6177
ryanhardin@kw.com
Information deemed reliable but not guaranteed. Each office is independent owned and operated.
* Demographic data derived from 2010 US Census
327 King Ave, Elk River, MN 55330
815 US HIGHWAY 10
OFFICE FOR SALE
ETHNICITY 1 MILE 5 MILES 10 MILES
% HISPANIC 4.9%2.6%2.2%
RACE 1 MILE 5 MILES 10 MILES
% WHITE 91.4%94.2%94.7%
% BLACK 1.5%1.0%1.0%
% ASIAN 3.3%2.3%2.0%
% HAWAIIAN 0.0%0.1%0.1%
% INDIAN 1.0%0.5%0.4%
% OTHER 0.8%0.4%0.4%
POPULATION 1 MILE 5 MILES 10 MILES
TOTAL POPULATION 2,485 41,072 123,822
MEDIAN AGE 33.1 33.5 33.8
MEDIAN AGE (MALE)32.0 33.1 33.7
MEDIAN AGE (FEMALE)34.9 34.0 33.9
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
TOTAL HOUSEHOLDS 891 14,573 42,672
# OF PERSONS PER HH 2.8 2.8 2.9
AVERAGE HH INCOME $75,237 $82,433 $86,422
AVERAGE HOUSE VALUE $242,505 $260,171 $261,454