Land for Sale in Bloomington, Minnesota

8545 Penn Ave S, Bloomington, MN 55431

$995,000

0.99 acres

Active

$155k drop

Est $5,047/mo

Shovel-ready development opportunity available. Plat and development plan approved for 15 townhome units by the city of Bloomington. --> Seller has removed existing structures and completed a rough grade of the lot. Sale includes 8525 + 8545 Penn Ave (PIDs: 04-027-24-33-0002 & 04-027-24-33-0001). Site comes with entitlement, all civil and architectural plans, survey and geotechnical report.

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Sq feet

Development

Location

Street address: 8545 Penn Ave S
County: Hennepin County
Elevation: 840 feet
Coordinates: 44.8486, -93.3082

Land for sale in Minnesota

Property details

Lot size: 0.99 acres43,124 sq ft
Zoning: Residential-Single Family
MLS #: RMLS 6641244
Posted: Feb 26, 20259 months ago

Property taxes

2024: $2,057

Parcels

0402724330001

Legal description

UNPLATTED 04 027 24 THAT PART OF THE W 300 FT OF THE S 1/3 OF SW 1/4 OF THE SW 1/4 LYING N OF TOWN ROAD AND S OF THE N 145 2/10 FT THEREOF EX ROAD

Details and features

Listing

Type: Land
Franchise: RE/MAX International

Listing history

Date	Event	Price	Change	Source
July 15, 2025	Price drop	$995,000	$155,000 -13.5%	RMLS
Feb 26, 2025	New listing	$1,150,000	—	RMLS

Payment calculator

This 0.99-acre property is located at 8545 Penn Ave S in Bloomington, MN 55431. The property is available for sale for $995,000. It has a structure.

Listed by RE/MAX Results, (952) 829-2900, Source

Checked 55 mins ago — Updated Oct 11, 2025

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