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$925,000 -$70,000 (-7.04%) Price Reduced

  • For Sale
  • Active
  • Lots/Land
  • 0.99 Acres
  • Updated 21 hours ago
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Shovel-ready development opportunity available. Plat and development plan approved for 15 townhome units by the city of Bloomington. --> Seller has removed existing structures and completed a rough grade of the lot. Sale includes 8525 + 8545 Penn Ave (PIDs: 04-027-24-33-0002 & 04-027-24-33-0001). Site comes with entitlement, all civil and architectural plans, survey and geotechnical report.

Full Property Details for 8545 Penn Ave S

General

  • Price: $925,000
  • Taxes: $2,057 (2024)
  • Status: Active
  • Type: Lots/Land
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6641244
  • Updated: 2/17/2026
  • Added to Site: 357 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 1

Location

  • County: Hennepin
  • Township: Bloomington
  • Driving Directions: Penn Ave to property

School Information

  • School District: 1227 - Bloomington
  • High School District: Bloomington

Utilities

  • Utility Description: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Available, Underground Utilities Available, Water Available, Water Conn

Lot Features

  • Lot Size (Acres): 0.99
  • Lot Dimensions: 329 x 270 x 284 x 266
  • Development Status: Plat Designed
  • Zoning: Residential-Single Family

Financial Considerations

  • Tax Amount: $2,057
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: UNPLATTED 04 027 24 THAT PART OF THE W 300 FT OF THE S 1/3 OF SW 1/4 OF THE SW 1/4 LYING N OF TOWN ROAD AND S OF THE N 145 2/10 FT THEREOF EX ROAD
  • CC&Rs: Yes
  • Restrictions: Open
  • Property ID: 402724330001

Listed by RE/MAX Results

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— 8545 Penn Ave S —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 8545 Penn Ave S

School District:Bloomington Public School District
NameGradesDistance
Washburn Elementary School, Bloomington, MN
8401 Xerxes Ave S, Bloomington, MN 55431
K-50.5 mi
Valley View Middle School, Bloomington, MN
8900 Portland Avenue, Bloomington, MN 55420
6-82 mi
Kennedy Senior High School
9701 Nicollet Avenue, Bloomington, MN 55420
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8545 Penn Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/17/2026
Price Reduced
$925,000
-7.04%
MLS
7/15/2025
Price Reduced
$995,000
-13.48%
MLS
2/26/2025
Listed
$1,150,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8545 Penn Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,550
24%
$161,400
15%
2023
$2,057
3%
$140,800
—
2023
$2,006
—
$140,800
-12%
2023
$2,006
-48%
$160,200
-46%
2020
$3,856
4%
$294,400
6%
2019
$3,705
-2%
$277,400
—
2018
$3,786
16%
$277,900
16%
2017
$3,273
-5%
$240,000
1%
2016
$3,439
-2%
$238,700
2%
2015
$3,521
3%
$234,800
11%
2014
$3,409
—
$211,900
-4%
2013
$3,406
—
$219,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8545 Penn Avenue S, Bloomington, MN 55431 (MLS# 6641244) is a Lots/Land property with a lot size of 0.99 acres. 8545 Penn Avenue S is currently listed for $925,000 and was received on February 26, 2025. Want to learn more about 8545 Penn Avenue S? Do you have questions about finding other Lots/Land real estate for sale in Bloomington? You can browse all Bloomington real estate or contact a Coldwell Banker agent to request more information.

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