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
$260,000 Zestimate®
$153/sqft
$-- HOA
What's special
Alley accessGreat visibilityCorner lot
- 386 days
- 44
- 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: $261,800
- Annual tax amount: $2,406
- Date on market: 8/29/2025
- Cumulative days on market: 305 days
Estimated market value
$260,000
$244,000 - $276,000
$2,018/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 |
|---|---|---|
| 2026 | $2,650 +10.1% | $261,800 +2.6% |
| 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
Payment breakdown
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Neighborhood: 55379
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