Prime Development Opportunity in Downtown Shakopee!
Don’t miss this excellent corner lot located at Bluff Avenue and Market Street in the heart of Shakopee. With over ½ acre (159x142), alley access, and great visibility, this site offers endless potential.
Zoned B-1 Highway Business, the property allows for a wide variety of uses. Possibilities include multi-family housing with potential for up to 30 units and building heights up to 45 feet, mixed-use development combining residential with retail or office space, or office and medical buildings. Businesses will also benefit from the highly visible and easily accessible location.
The property currently features a small older home in need of repair, a garage, and established utility access. With its size, zoning flexibility, and prime downtown location, the true value is in the land and its development potential.
Bring your business, development, or multi-family ideas to this outstanding site and take advantage of one of Shakopee’s most versatile opportunities!
Pending
$247,500
720 Bluff Ave E, Shakopee, MN 55379
3beds
1,616sqft
Single Family
Built in 1900
0.52 Acres Lot
$261,000 Zestimate®
$153/sqft
$-- HOA
What's special
Alley accessGreat visibilityCorner lot
- 314 days |
- 79 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Scott 612-384-2178,
RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6780238
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Description: Main Floor Full Bath
Heating
- Forced Air
Cooling
- None
Features
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 1,616
- Total interior livable area: 1,616 sqft
- Finished area above ground: 1,292
- Finished area below ground: 324
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Accessibility
- Accessibility features: Other
Features
- Levels: One and One Half
- Stories: 1.5
- Pool features: None
Lot
- Size: 0.52 Acres
- Dimensions: 159 x 142
Details
- Foundation area: 620
- Parcel number: 270040580
- Zoning description: Business/Commercial
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: East Shakopee
HOA
- Has HOA: No
Location
- Region: Shakopee
Financial & listing details
- Price per square foot: $153/sqft
- Tax assessed value: $255,200
- Annual tax amount: $2,406
- Date on market: 8/29/2025
- Cumulative days on market: 233 days
Estimated market value
$261,000
$248,000 - $274,000
$2,086/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Pending sale | $247,500$153/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6780412 Report a problem | ||
| 10/30/2025 | Listed for sale | $247,500$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6780238 Report a problem | ||
| 10/7/2025 | Pending sale | $247,500$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6780238 Report a problem | ||
| 9/3/2025 | Price change | $247,500-10%$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6780412 Report a problem | ||
| 8/29/2025 | Listed for sale | $275,000+205.9%$170/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6780238 Report a problem | ||
| 12/2/2015 | Listing removed | $89,900$56/sqft |
Source: Kubes Realty, Inc. #4657172 Report a problem | ||
| 10/28/2015 | Listed for sale | $89,900$56/sqft |
Source: Kubes Realty, Inc. #4657172 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,406 -0.6% | $255,200 +3.1% |
| 2024 | $2,420 -11.1% | $247,500 +3.9% |
| 2023 | $2,722 +8.8% | $238,100 -8.8% |
| 2022 | $2,502 +19% | $261,000 +23.6% |
| 2021 | $2,102 -5.7% | $211,100 +13% |
| 2020 | $2,230 | $186,800 |
| 2019 | $2,230 +4.5% | $186,800 |
| 2018 | $2,134 +30.4% | -- |
| 2016 | $1,636 | -- |
| 2014 | $1,636 | -- |
| 2013 | -- | $82,300 |
| 2012 | -- | $82,300 -8.7% |
| 2011 | $1,208 -16.5% | $90,100 -39.1% |
| 2010 | $1,446 -18% | $147,900 -17.6% |
| 2009 | $1,764 +18.7% | $179,400 |
| 2008 | $1,486 +17.6% | -- |
| 2007 | $1,264 -0.6% | -- |
| 2006 | $1,272 +18% | -- |
| 2005 | $1,078 +20.6% | -- |
| 2004 | $894 -5.3% | -- |
| 2003 | $944 +23.6% | -- |
| 2002 | $764 -10.3% | -- |
| 2001 | $852 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55379
Nearby schools
GreatSchools rating
- 6/10Eagle Creek Elementary SchoolGrades: K-5Distance: 4.8 mi
- 5/10Shakopee West Junior High SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Shakopee Senior High SchoolGrades: 9-12Distance: 2.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Scott County
- Shakopee
- 55379
- 720 Bluff Ave E
Nearby cities
Nearby zip codes
Other Shakopee Topics
