OPPORTUNITY: 20 acres on the Cedar Ave corridor. Currently two 10 acre parcels. Home & out buildings sit on one parcel and WILL NOT be shown during tours. Electric & gas service available. Zoned RST-2 ideal for residential, townhomes or mixed use. Nearby amenities include Belzer Field, Lakeville Splash Pad, parks, shopping, public transit restaurants & more. Perfect development opportunity for a single -developer project.
Active
Price cut: $200K (7/16)
$1,800,000
18880 Cedar Ave, Farmington, MN 55024
--beds
--baths
19.9Acres
Unimproved Land
Built in 1973
19.9 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 85 days |
- 198 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Chris North 612-590-2504,
Prandium Group Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7044215
Facts & features
Interior
Features
- Has basement: No
Video & virtual tour
Property
Features
- Fencing: Other
- Waterfront features: Creek/Stream, Waterfront Elevation(0-4), Lake Bottom(Sand, Soft, Undeveloped, Weeds)
Lot
- Size: 19.9 Acres
- Dimensions: 1234 x 1196 x 1341 x 1196
- Features: Near Public Transit, Tree Coverage - Medium
- Topography: Gently Rolling,Level,Meadow,Ravine,Walkout,Wooded
Details
- Additional structures: Workshop, Storage Shed
- Additional parcels included: 220150053011
- Parcel number: 220150053012
- Zoning description: Residential-Multi-Family,Residential-Single Family
Utilities & green energy
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Private Septic Available, Private Septic Connected, Private Well Available, Private Well Connected, Sewer Not Available
Community & HOA
Community
- Features: No
HOA
- Has HOA: No
Location
- Region: Farmington
Financial & listing details
- Tax assessed value: $499,500
- Annual tax amount: $8,422
- Date on market: 4/27/2026
- Inclusions: Easements, For Sale Sign
- Electric utility on property: Yes
- Road surface type: Paved, Unimproved
Estimated market value
Not available
Estimated sales range
Not available
$2,564/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Price change | $1,800,000-10% |
Source:  NorthstarMLS as distributed by MLS GRID #7044215 Report a problem | ||
| 4/27/2026 | Listed for sale | $2,000,000 |
Source: NorthstarMLS as distributed by MLS GRID #7044215 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,500 +10.3% | $499,500 +9.3% |
| 2023 | $4,988 +3.2% | $457,100 +1.9% |
| 2022 | $4,834 +11.4% | $448,700 +20.8% |
| 2021 | $4,338 -3.9% | $371,400 +0.6% |
| 2020 | $4,516 +2.7% | $369,330 +6.8% |
| 2019 | $4,398 | $345,900 +9.6% |
| 2018 | $4,398 +14.2% | $315,700 +1.8% |
| 2017 | $3,852 +0.1% | $310,000 +3.8% |
| 2016 | $3,848 +2.9% | $298,700 +9.4% |
| 2015 | $3,739 +0.2% | $272,974 +2% |
| 2014 | $3,732 +6.4% | $267,524 +2.2% |
| 2013 | $3,506 +4.8% | $261,747 |
| 2012 | $3,345 -1.3% | -- |
| 2011 | $3,389 +5.1% | -- |
| 2007 | $3,226 +14.7% | -- |
| 2006 | $2,812 +28.9% | -- |
| 2004 | $2,181 +28.9% | -- |
| 2003 | $1,692 +18.9% | -- |
| 2002 | $1,423 -24.5% | -- |
| 2001 | $1,885 | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 55024
Nearby schools
GreatSchools rating
- 8/10Cherry View Elementary SchoolGrades: K-5Distance: 1.8 mi
- 8/10Century Middle SchoolGrades: 6-8Distance: 2 mi
- 10/10Lakeville North High SchoolGrades: 9-12Distance: 2.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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