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Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019

2.82 Acres Available

Deb CarlsonCushman & Wakefield952.465.3370 [email protected]

©2019 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

Chris HamiltonLake~N~Woods Realty218.556.3702 [email protected]

For more information, please contact:

LAND FOR SALE

Cushman & Wakefield3500 American Blvd. W. Suite 200 Minneapolis, MN 55431cushmanwakefield.com

Thief River Falls LandHighway 59 & Greenwood St E, Thief River Falls, MN

Property Highlights

• 2.82 acre site located right on Highway 59, a major thoroughfare thru Thief River Falls

• Zoned C-2, General Business District

• Site is across from Walmart and Slumberland, with strong nearby hotels and retail, including Tractor Supply, L&M Fleet, Verizon, Maurices, Dollar Tree, Anytime Fitness, State Farm & Sanford Medical

• Thief River Falls is the home of Digi-Key Electronics, the fourth largest electronic component distribution in North America, with global distribution. It employs 3,400 people from the area, and is currently expanding its’ facility by 1 million SF and adding another 1,000 workers

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Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Population 5,954 10,458 11,414

Households 2,718 4,550 4,894

Avg. HH Income $60,110 $62,777 $64,848

Daytime Population 4,064 7,127 7,377

TRAFFIC COUNTS VPD

Highway 59 North of Greenwood St E 9,700

Highway 59 South of Greenwood St E 5,700

Greenwood St E West of Highway 59 1,850

OPERATING EXPENSES (2019 ESTIMATES)

Real Estate Taxes $ 6,618.50

LAND INFORMATION

Location Highway 59 & Greenwood St E

Lot Size 2.82 acres

PID 2512200220

Zoning C-2, General Business District

Sale Price $450,000

LAND FOR SALE


LAND FOR SALE


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LAND FOR SALE


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LAND FOR SALE


Executive SummaryThief River Falls LandThief River Falls, MinnesotaRings: 1, 3, 5 mile radii

1 mile 3 miles 5 milesPopulation

2010 Population 5,736 9,879 10,790

2019 Population 5,954 10,458 11,414

2024 Population 6,094 10,752 11,732

2010-2019 Annual Rate 0.40% 0.62% 0.61%

2019-2024 Annual Rate 0.47% 0.56% 0.55%

2019 Male Population 48.4% 48.7% 48.9%2019 Female Population 51.6% 51.3% 51.1%2019 Median Age 38.9 38.9 39.3

Currently, the U.S. median age is 38.5 years old.

Population by Employment2019 Civilian Population Base 3,139 5,373 5,911

2019 % Civilian Labor Force Employed 99.1% 99.1% 98.9%

2019 % Civilian Labor Force Unemployed 0.9% 0.9% 1.1%

Occupation Distribution2019 % White Collar Jobs 52.7% 56.7% 57.4%

2019 % Services Jobs 14.9% 13.4% 13.1%

2019 % Blue Collar Jobs 32.5% 29.9% 29.5%

Population by Education2019 Education Base - Population 25 + 4,170 7,305 7,979

Less than 9th Grade 3.5% 3.3% 3.2%

9th - 12th Grade, No Diploma 4.8% 4.6% 4.5%

High School Graduate 31.3% 31.0% 31.0%

GED/Alternative Credential 6.4% 6.0% 5.7%

Some College, No Degree 22.2% 22.8% 22.6%

Associate Degree 13.1% 12.8% 13.2%

Bachelor's Degree 15.9% 16.1% 16.0%

Graduate/Professional Degree 2.9% 3.4% 3.7%

Per Capita Income2019 Per Capita Income $26,588 $27,467 $28,1152024 Per Capita Income $29,361 $30,444 $31,230

2019-2024 Annual Rate 2.00% 2.08% 2.12%

Currently, the U.S. per capita income is $33,028. The per capita income is projected to be $36,530 in five years, for all U.S. households.

Households2010 Households 2,623 4,293 4,620

2019 Total Households 2,718 4,550 4,8942024 Total Households 2,782 4,680 5,033

2010-2019 Annual Rate 0.39% 0.63% 0.62%

2019-2024 Annual Rate 0.47% 0.57% 0.56%

2019 Average Household Size 2.15 2.24 2.28

Median Household Income2019 Median Household Income $48,442 $50,130 $51,3402024 Median Household Income $51,595 $53,059 $54,5162019-2024 Annual Rate 1.27% 1.14% 1.21%

Currently, the median household income is $60,548 for all U.S. households. Median household income is projected to be $69,180 in five years, for all U.S. households.

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2019 and 2024

January 09, 2020Prepared By Cushman & Wakefield Click Me

©2019 Esri Latitude: 48.11913 Longitude: -96.18114 Page 1 of 2

Executive SummaryThief River Falls LandThief River Falls, MinnesotaRings: 1, 3, 5 mile radii

1 mile 3 miles 5 milesAverage Household Income

2019 Average Household Income $60,110 $62,777 $64,8482024 Average Household Income $66,364 $69,538 $71,992

2019-2024 Annual Rate 2.00% 2.07% 2.11%

Currently, the average household income is $87,398 for all U.S households. Average household income is projected to be $99,638 in five years, for all U.S. households Households by Income

2019 Household Income Base 2,718 4,550 4,894

<$15,000 290 509 527

$15,000-$24,999 382 590 607

$25,000-$34,999 262 430 450

$35,000-$49,999 460 737 778

$50,000-$74,999 594 961 1,032

$75,000-$99,999 308 537 593

$100,000-$149,999 317 579 668

$150,000-$199,999 67 119 133

$200,000+ 37 86 106

Housing

2010 Housing Units 2,798 4,585 4,929Owner Occupied Housing Units 62.5% 62.8% 64.4%

Renter Occupied Housing Units 31.2% 30.9% 29.3%

Vacant Housing Units 6.3% 6.4% 6.3%







Currently, in the U.S., 56.4% of the housing units are owner occupied; 32.4% are renter occupied; and 11.2% are vacant.

Daytime PopulationTotal Employees 4,064 7,127 7,377

Total Businesses 321 546 562

Total Residential Population 5,954 10,458 11,414

Employee/Residential Population Ratio 68 68 65

Top Tapestry Segments1 mile 3 miles 5 miles

Heartland Communities (6F)Rustbelt Traditions (5D)Old and Newcomers (8F)Small Town Simplicity (12C)Down the Road (10D)

26.5%26.1%

24.3%9.0%

7.8%


24.3%22.0%

14.9%12.2%

11.5%


22.6%20.6%

13.9%11.3%

10.7%

More information about tapestry descriptions can be found here

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2019 and 2024

January 09, 2020Prepared By Cushman & Wakefield Click Me

©2019 Esri Latitude: 48.11913 Longitude: -96.18114 Page 2 of 2

Demographics

LAND FOR SALE


Documents

Highway & reenwood St E Thie River alls N · 2020-02-04 · 1,850 vpd d H a n s o n D r H Gr e ennw o oo dd St EE)r)r Gre e nn ww o o d SS tt E So ou urrc ce es:s:CCush hm ma ann