MIXED-USE LAND ACRES I-35 & COUNTY RD 61 Sandstone, MN 55072

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1 -500,000 MIXED-USE LAND SANDSTONE AREA GOLF COURSE GROUSE ST PID: Y RD LUNDORFF DR KETTLE RIVER VICTORY GAS STATION NT COU DUPUIS RD CONTACT US BRIAN PANKRATZ First Vice President brian.pankratz@cbre.com w w w.c b r e.us/minn e ap olis MATT OELSCHLAGER Senior Vice President matt.oelschlager@cbre.com

2 PROPERTY HIGHLIGHTS GROUSE ST + + Frontage onto I Potential uses include retail, hotel, gas/convenience store, industrial SITE + + PID: , acres + + Future Land Use: Prospective Highway Development + + East Central ISD Taxes: 9, COUNTY RD 61 VICTORY GAS STATION LUNDORFF DR TRAFFIC COUNTS I-35 17,800 VPD County Rd 61 5,100 VPD

3 WETLAND MAP SITE w w w.c b r e.us/minn e ap olis

4 PROPERTY TAXES CATHY J. CLEMMER PINE COUNTY AUDITOR-TREASURER 635 NORTHRIDGE DR. N.W., SUITE 230 PINE CITY, MN Property ID#: R Taxpayer: BILL: TAXPAYER ID: NORTHLAND GROUP OF CO - DULUTH 4843 RICE LAKE RD DULUTH MN Description: Sect-16 Twp-042 Range AC THAT PART OF NORTHWEST 1/4 OF NORTHWEST 1/4 WHICH LIES NLY OF NLY R/W OF HWY 23 AS LOCATED PRIOR TO & ELY OF ELY R/W LINE OF HWY 35 AS NOW LOCATED; EXCEPTING THE C 53 S Taxes Payable Year: 1. Use this amount on Form M1PR to see if you are eligible for a property tax refund. File by August 15. If this box is checked, you owe delinquent taxes and are not eligible. 2. Use these amounts on Form M1PR to see if you are eligible for a special refund. Property Tax and Credits 3. Property taxes before credits 2018 Property Tax Statement Step 1 Step 2 Step 3 REFUNDS? , , Credits that reduce your property tax A. Agricultural and rural land Credits B. Other Credits Property taxes after credits 8, , Property Tax by Jurisdiction 6. County PINE COUNTY 2, , City or Town CITY OF SANDSTONE 2, , State General Tax 1, , School District 2580 A. Voter approved levies , B. Other local levies Special Taxing Districts A B C. OTHERS D Non-school voter approved referenda levies 12. Total property tax before special assessments Special Assessments on Your Property 13. Special assessments added to the property tax bill Prin: 6.00 SOLID WASTE 6.00 VALUES AND CLASSIFICATION Taxes Payable Year: Estimated Market Value: Improvements Excluded: Homestead Exclusion: Taxable Market Value: New Improvements/ Expired Exclusions: Property Classification: 200, ,800 COMM 238, ,300 COMM Sent in March 2017 PROPOSED TAX Proposed Tax: 9, Sent in November 2017 PROPERTY TAX STATEMENT First-half Taxes: 4, Second-half Taxes: 4, Total Taxes Due in 2018: 9, You may be eligible for one or even two refunds to reduce your property tax. Read the back of this statement to find out how to apply , , YOUR TOTAL PROPERTY TAX AND SPECIAL ASSESSMENTS nd PAYABLE HALF PAYMENT STUB PLEASE READ THE BACK OF THIS STATEMENT FOR IMPORTANT INFORMATION. Pine County Auditor-Treasurer 635 Northridge Dr. N.W., Suite 230 Pine City, MN , , FIRST HALF DUE MAY 15 4, SECOND HALF DUE OCTOBER 15 4, ND HALF PAYABLE OCTOBER 15 Please help us to update our records by completing the Property I.D. R COMM contact information on the reverse side. ID# RE TAX TAX BILL# SECOND 1/2 TAX AMOUNT DUE: 4, NORTHLAND GROUP OF CO - DULUTH 4843 RICE LAKE RD PENALTY: TOTAL: DULUTH MN MAKE CHECKS PAYABLE TO: DETACH HERE AND RETURN THIS STUB WITH YOUR SECOND HALF PAYMENT. DO NOT STAPLE No Receipt sent. Your cancelled check is proof of payment. Do not send postdated checks. 25 fee for returned payments. st PAYABLE HALF PAYMENT STUB ST HALF PAYABLE MAY 15 Property I.D. R ID# TAX BILL# NORTHLAND GROUP OF CO - DULUTH 4843 RICE LAKE RD DULUTH MN COMM RE TAX FULL TAX AMOUNT: FIRST 1/2 TAX AMOUNT DUE: PENALTY: PLEASE READ THE BACK OF THIS STATEMENT FOR IMPORTANT INFORMATION. Please help us to update our records by completing the contact information on the reverse side. TOTAL: MAKE CHECKS PAYABLE TO: Pine County Auditor-Treasurer 635 Northridge Dr. N.W., Suite 230 Pine City, MN , , DETACH HERE AND RETURN THIS STUB WITH YOUR FIRST HALF PAYMENT. DO NOT STAPLE No Receipt sent. Your cancelled check is proof of payment. Do not send postdated checks. 25 fee for returned payments

5 FUTURE LAND USE MAP SITE

6 DEMOGRAPHICS 2018 population 3, housing units Average Household Income 63, employees 2018 businesses 1,

7 DEMOGRAPHICS POPULATION 1 MILE 3 MILES 5 MILES 2018 Population - Current Year Estimate 862 3,333 4, Population - Five Year Projection 864 3,348 4, Population - Census 869 3,467 4, Population - Census 744 3,017 3, Annual Population Growth Rate -0.10% -0.48% -0.35% Annual Population Growth Rate 0.05% 0.09% 0.13% HOUSEHOLDS 2018 Households - Current Year Estimate , Households - Five Year Projection , Households - Census , Households - Census , Annual Household Growth Rate 0.00% 0.04% 0.11% Annual Household Growth Rate 0.06% 0.16% 0.19% 2018 Average Household Size HOUSEHOLD INCOME 2018 Average Household Income 62,508 63,185 63, Average Household Income 67,607 68,441 69, Median Household Income 47,626 48,453 49, Median Household Income 50,000 51,064 51, Per Capita Income 19,637 20,439 21, Per Capita Income 20,874 21,844 23,257 HOUSING UNITS 2018 Housing Units , Vacant Housing Units % % % 2018 Occupied Housing Units % % 1, % 2018 Owner Occupied Housing Units % % % 2018 Renter Occupied Housing Units % % % EDUCATION 2018 Population 25 and Over 653 2, 523 3, 081 HS and Associates Degrees % 2, % 2, % Bachelor's Degree or Higher % % % PLACE OF WORK 2018 Businesses Employees 852 1,326 1,570 CONTACT US BRIAN PANKRATZ First Vice President brian.pankratz@cbre.com MATT OELSCHLAGER Senior Vice President matt.oelschlager@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

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