1112 River Rd NE Saint Michael, MN 55341
About This Lot
46 +/- acre investment opportunity with tremendous development potential inside the city limits of Hanover. This prime piece is in a growing area nestled amongst developments within 40 minutes of Minneapolis. The development options are split right through the property, with multi-family/residential options on the north side and industrial on the south. This community is open to ideas to strengthen the town’s already sought-after appeal.
You can find everything at your fingertips, but still maintain that small-town feel. If you are looking for an investment opportunity, this is it. These types of acreage do not come along often, and anyone would be lucky to acquire it. Hanover is northwest of the cities and is within striking distance of Rogers, St. Michael, Otsego, Albertville, Maple Grove, Rockford, and Buffalo. As already stated, this is an upcoming area as the cities grow. This piece of land has tremendous potential.
Property Features
-Development opportunities (multi-use: industrial and residential)
-Investment potential/options
-Open land
-Prime location
-Up and coming area
-Inside city limits of Hanover
-Restaurants, amenities, parks, etc. at your fingertips
-40 minutes to Minneapolis
-Access to I-94 within 10 minutes
-Hanover-Buffalo-Motrose School Districts
Property Details
Property Type
- Land
Lot Details
- Potential uses include for development
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,266 | $1,157,100 | $1,084,200 | $72,900 |
| 2024 | $7,082 | $1,159,600 | $1,074,200 | $85,400 |
| 2023 | $7,342 | $804,000 | $718,700 | $85,300 |
| 2022 | $7,010 | $780,200 | $703,100 | $77,100 |
| 2021 | $7,232 | $629,900 | $561,600 | $68,300 |
| 2020 | $7,130 | $623,700 | $556,600 | $67,100 |
| 2019 | $7,132 | $460,000 | $0 | $0 |
| 2018 | $5,914 | $72,100 | $0 | $0 |
| 2017 | $6,286 | $513,100 | $0 | $0 |
| 2016 | $5,418 | $0 | $0 | $0 |
| 2015 | $4,182 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/06/2026 03/06/26 | Sold | $1,800,000 | -10.0% | -- | View Prior Sale |
| 08/09/2025 08/09/25 | Pending | -- | -- | -- | |
| 04/21/2025 04/21/25 | For Sale | $1,999,999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $1,535,000 | -- |
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Ask me questions while you tour the home.