7.2. EDSR 02-22-2022 Request for Action
Cir•ci
Elk -
River=
To Item Number
Economic Development Authority 7.2
Agenda Section Meeting Date Prepared by
General Business February 22, 2022 Brent O'Neil, Economic Development Director
Item Description Reviewed by
EDA Properties Cal Portner, City Administrator
Reviewed by
Action Requested
Item presented for information and discussion purposes.
Background/Discussion
Ryan Hardin of Hardin Companies has provided an email update on the listing status of EDA properties,which is
summarized below. Periodically Mr. Hardin will provide updates to the board on the status of the listings.
Since entering into the representation agreement in January,the properties have been posted the with the relevant
listing services and marketing materials have been developed. New signage for the sites has been ordered and is
expected to be installed soon. The Hardin team has been setting up direct marketing emails to go out to their
contact list,MNCAR brokers and for direct follow-up phone calls. They have also been in discussion with their
frequent development resources.
Mr. Hardin is looking for additional feedback regarding the sites and a separate work session has been scheduled to
go through those items.
Financial Impact
N/A
Mission/Policy/Goal
Support Elk River's existing businesses through relationship building,programmatic offerings, and high-quality city
services. Attract new business development to Elk River to build the City's economic vibrancy, job offerings and
tax base.
Attachments
■ Marketing Materials Packet
The Elk River Vision P I I E R E I I Y
A welcoming community avith revolutionary and spirited resourcefulness, exceptional [NAfUR
service, and community engagement that encourages and inspires prosperity. Updated.August 2020
ELK RIVER, MINNESOTA
C I T Y O F E L K R I V E R
E D A P R O P E R T I E SFOR SALE
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
13566 & 13530 185th Avenue NW
17610 Tyler St NW
10835 170th Ave NW
Partners Real Estate MN LLC, Hardin Companies has obtained the information contained herein from
sources believed to be reliable, but not guaranteed. Partners Real Estate MN LLC, Hardin Companies
makes no representations or warranties, express or implied, are made as to the accuracy or reliability of
this information. Any references to square footage or age are approximate only. The recipient bears sole
responsibility for verification of the accuracy of the information contained herein and bears all risk for
any inaccuracies. Partners Real Estate MN LLC, Hardin Companies shall have no liability or responsibility
to any party for any loss or damage arising from reliance by any party on the information contained
herein or provided in external any external links. Information provided in links are subject to all rights
of their respective owners. Information subject to change. Partners Real Estate MN LLC, Hardin
Companies is a licensed real estate brokerage in the State of Minnesota. If you need any professional
services including but not limited to: legal, tax, survey, environmental, inspections, zoning, title or other
advice, please consult the appropriate professional.
Copyright Partners Real Estate MN LLC 2022.
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
CONFIDENTIALITY/DISCLAIMER
ELK RIVER DEMOGRAPHICSCOMMUNITY PROFILE
2020 Population (US Census Bureau)
2025 Population* (projected)
Median Age
Median Income
Land
Water Area
Parks
Trails
25,835
26,832*
37.1
$89,596
44 sq. miles
1.52 sq. miles
41 parks covering 1,444 acres
35 miles of paved trails
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
HWY 169 REDEFINE
Beginning April of 2022 MnDOT will start reconstruction and
improvements on US Highway 169 through Elk River. This
construction project will help alleviate traffic backups and overall
congestion. More details can be found in the materials below:
https://www.dot.state.mn.us/d3/elkriverfreeway/
https://www.dot.state.mn.us/d3/elkriverfreeway/trafficplans.html
https://www.elkrivermn.gov/1566/169-Redefine
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
EXECUTIVE SUMMARY
$360,000
75-597-0105
75-597-0110
3 Acres
C-3 Hwy
Commercial
Great opportunity for development of 2 parcels, 3 acres
(combined) with US Highway 10 Frontage off 185th Ave.
Excellent location near controlled intersection of US
Highway 10 and Joplin/185th.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
US Highway 10 visibility
3 Acres
City Services Available
MnDOT Traffic Counts 27,000 VPD
EDA Owned Property
Incentives Available
Sale Price:
PID Numbers:
Lot Size:
Zoning:
13566 & 13530 185th Avenue NW, Elk River MN 55330
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
EXECUTIVE SUMMARY
$408,593
75-820-0105
4.69 Acres
FAST H
Great opportunity for development of 4.69 acres on 170th
Ave and Twin Lakes Road. Convenient access to Highway
10/169 and Highway 101. Northstar Commuter Rail
Station nearby. Over 8,700 Vehicles Per Day on 171st Ave
Twin Lakes Road.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
Easy Access to Highway 10/169 & 101
Over 4.69 Acres
City Services Available
Great Location in Natures Edge Business Center
EDA Owned Property
Incentives Available
Sale Price:
PID Number:
Lot Size:
Zoning:
10835 170th Avenue NW, Elk River MN 55330
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
EXECUTIVE SUMMARY
$1,056,757
75-757-0105
12.13 Acres
FAST C
Great opportunity for potential development. 12.13 acres
on Tyler St and Twin Lakes Road. Convenient access to
Highway 10/169 and Highway 101. Northstar Commuter
Rail Station nearby. Over 6,000 Vehicles Per Day on Twin
Lakes Road.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
Easy Access to Highway 10/169 & 101
Over 12.13 Acres
City Services Available
Last Available Lot in Northstar Business Park
EDA Owned Property
Incentives Available
Sale Price:
PID Number:
Lot Size:
Zoning:
17610 Tyler Street NW, Elk River MN 55330
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com
Ryan Hardin, Broker
612.356.2002
ryanhardin@hardincompanies.com
hardincompanies.com