Post on 30-Jul-2020
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5,700 vpd
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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 deb.carlson@cushwake.com
©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 hamilton@paulbunyan.net
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
Thief River Falls LandHighway 59 & Greenwood St E, Thief River Falls, MN
LAND FOR SALE
Thief River Falls LandHighway 59 & Greenwood St E, Thief River Falls, MN
New Road
New Road
5,700 vpd
5,700 vpd1,850 vpd1,850 vpd
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Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019
LAND FOR SALE
Thief River Falls LandHighway 59 & Greenwood St E, Thief River Falls, MN
5,700 vpd
5,700 vpd
1,850 vpd1,850 vpd
9,700 vpd
9,700 vpd
1,30
0 vp
d1,
300
vpd
4,550 vpd4,550 vpd
SSpp rr
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SS
Greenwood St EGreenwood St EGreenwood St EGreenwood St E
158th St NE158th St NE
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1st St E1st St E
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Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2019
LAND FOR SALE
Thief River Falls LandHighway 59 & Greenwood St E, Thief River Falls, MN
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%
2019 Housing Units 2,900 4,860 5,223Owner Occupied Housing Units 58.6% 58.8% 60.6%
Renter Occupied Housing Units 35.1% 34.8% 33.1%
Vacant Housing Units 6.3% 6.4% 6.3%
2024 Housing Units 2,965 4,995 5,367Owner Occupied Housing Units 58.4% 58.4% 60.2%
Renter Occupied Housing Units 35.4% 35.3% 33.6%
Vacant Housing Units 6.2% 6.3% 6.2%
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%
Heartland Communities (6F)Rustbelt Traditions (5D)Old and Newcomers (8F)Small Town Simplicity (12C)Down the Road (10D)
24.3%22.0%
14.9%12.2%
11.5%
Heartland Communities (6F)Rustbelt Traditions (5D)Old and Newcomers (8F)Small Town Simplicity (12C)Down the Road (10D)
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
Thief River Falls LandHighway 59 & Greenwood St E, Thief River Falls, MN