5404 398th St, Rice, MN 56367 - Stearns County

Owner Financing Available (see details below).

Settle into this quiet neighborhood just 15 minutes from downtown St. Cloud and only 3 minutes from the Mississippi River, and jumpstart your development with a pre-existing garage and driveway.

Property Overview:

Address: 5404 398th St, Rice MN 56367

Size: 0.7 Acres

Price: $64,900

Key Features:

On-Site Power

Driveway

Two-Car Garage

Quiet, Paved Street

Very Buildable: Flat, No Floodplain

Within 15 mins of St. Cloud

Priced Well Below Market

PROPERTY: Discover the perfect blend of tranquility and convenience on this 0.7-Acre lot just north of St. Cloud and a mere 3 minutes from the Mississippi River. This flat, buildable parcel boasts 112 feet of frontage on a quiet, paved public street and comes ready with a two-car garage, driveway, and on-site power, making it ideal for residential use. With water available along the street and no floodplain or wetlands to interfere, development will be a breeze. Zoned R-1 Residential with minimal restrictions (mobile homes welcome and no HOA fees), the property offers a peaceful neighborhood setting with low taxes and abundant wildlife. Enjoy nearby parks and outdoor attractions while owning affordable land priced well below market value.

Call, text, or email Scott if you have any questions or would like to make an offer.

Property Description

Address: 5404 398th St, Rice MN 56367

Size: 0.7 Acres

GPS Coordinates: 45.700029, -94.221563

Full Legal Description: Lot 31, West River Road Addition, Stearns County, Minnesota

Plat Map/Survey: Available upon request

Title: General Warranty deed (clean - no back taxes, no liens)

Dimensions: starting at NW corner, 112' E (along street) x 277' S x 112' W x 277' N to Pob

Floodplain: None

Wetlands: None

Elevation: 1047 feet

Terrain: generally flat

Condition: tree-speckled, driveway, two-car garage

ACCESS: 112 feet of direct frontage on 398th Street, a paved public road

Utilities:

POWER: on-site (connected to garage)

WATER: available along street

WASTEWATER: septic system would need to be installed

TAXES: $678.00 in 2024

Deed Restrictions: West River Addition

- Single family homes only

Two story maximum

130o sf minimum home size

- Setbacks: 60' from front, 10' from side and rear

Inquire for Full Rules.

RESTRICTIONS/ZONING: R-1 Residential

- Single family homes

- Mobile homes Ok

- Setbacks: 100' from street, 10' from side, 30' from rear

- Other possible uses: day care, church, school, limited agriculture, others

Inquire for Full Restrictions.

SCHOOL Districts: Pine Meadow (Elementary), Sartel (Middle School), Sartell (High School)

NEAREST Cities: St. Stephen, St. Cloud, Minneapolis

NEAREST Airports: St. Cloud Regional (26 mins), Minneapolis-Saint Paul International (1 hr 41 mins)

Visiting the Property

You can go view the property at your convenience - owner does not need to accompany. Please call/text us to let us know you're heading out, so we can (1) confirm its availability, and (2) ensure we have our phone on us in case you need help or have any questions.

Driving Directions: Simply enter your starting point to get step-by-step directions.

You can navigate to the following GPS Coordinates: 45.700029, -94.221563

Local Attractions

This property offers easy access to a variety of recreational spots, making it perfect for outdoor enthusiasts. Enjoy a peaceful stroll at the nearby Mississippi River County Park, or explore the scenic trails and picnic spots at Lions Park and Bend in the River Regional Park. For everyday essentials, St. Cloud is conveniently located nearby, offering a Walmart, Target, Fresh Thyme Market, and a variety of grocery stores. You'll also find popular dining options like Chick-fil-A, Culver's, and Five Guys, along with comprehensive medical services such as CentraCare and Rejuv Medical. When you crave big-city excitement, Minneapolis is just over an hour away, offering a diverse range of entertainment and cultural attractions.

Owner Financing: We do offer owner financing under the following terms:

Owner Financed Price = $71,400

Down Payment = $14,000

Monthly Payment = $1,124.62

Term = 72 months

Interest Rate = 10.9%

No Pre-Payoff Penalty!

We have a two-week waiting period after the posting of our original MLS listing before we open up the owner-financing option. Also, if you would like to make a larger down payment in exchange for a slightly lower interest rate and/or fewer payments, we can certainly accommodate that, so just let us know.

Making an Offer

Call, text, or email Scott if you'd like to discuss an offer.

For Sale by Owner: We are investors, selling this lot For-Sale-By-Owner. You do not need to submit your offer through a real estate agent. However, if you prefer working with a Realtor, you're welcome to have them contact us on your behalf.

Why Are You Selling It So Cheap?

We offer properties below market value as our business model involves purchasing properties at a large volume and deeply liquidated rates. This approach allows us to pass discounts to our buyers, enabling quick sales. Our properties typically sell within 2-3 weeks, much faster than the industry average.

Disclaimer: We strive to provide detailed, accurate, and up-to-date information in our listings. However, it is the buyer's responsibility to perform their own due diligence and verify details important to them including acreage, utilities, buildability, and approved/allowable usage for the property. We are here to assist in any way we can.