This premier downtown Stillwater commercial lot offers a truly irreplaceable location surrounded by historic brick architecture, iconic churches, and the charm that defines the city’s riverfront district. Opportunities like this rarely become available, as there is virtually no comparable vacant land remaining in downtown Stillwater.
The site previously received approval for a 21-unit apartment development consisting of a balanced mix of one-bedroom and two-bedroom residences, demonstrating the strong viability of higher-density residential use. A significant advantage of this property is the inclusion of approximately 40 deeded parking spaces as part of the overall development — an exceptional asset in a downtown setting where parking availability is limited and highly valuable.
Zoned and positioned for versatility, the property is well suited for a variety of uses including multifamily housing, office space, boutique hotel development, restaurant or bar concepts, condominiums, or mixed-use projects.
Located at the highly visible corner of Third Street and Myrtle Street, the site benefits from strong traffic exposure at one of downtown’s most prominent and active intersections. Adjacent to the city parking ramp and offering outstanding views of the historic downtown skyline and the St. Croix River, this property presents a rare opportunity to develop a landmark project in one of Minnesota’s most desirable riverfront communities.
Listing Courtesy of: Landucci Homes
651-894-2582
| Listing Id: | 7025469 |
|---|---|
| List Price: | $1,599,000 |
| Property Type: | Land |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Association Fee: | $0 |
| Tax Annual Amount: | $3,112 |
| Waterfront?: | No |
| City: | Stillwater |
| County Or Parish: | Washington |
| Postal Code: | 55082 |
| Basement: | No |
| Development Status: | Raw Land |
| Directions: | From Hwy 36 in Oak Park Heights, take MN-95 (Stillwater Blvd) north toward downtown Stillwater, turn right on Myrtle Street E, then left on 3rd Street N to arrive at 107 3rd St N. |
| High School District: | Stillwater |
| Inclusions: | Soil Test Available, Survey, Topographic Map |
| Listing Contract Date: | 2026-02-23 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.313 |
| Lot Size Dimensions: | 152' x 90' |
| Lot Size Units: | Acres |
| Assessment Pending: | No |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Improvements: | Curbs, Paved Streets, Public Road, Sidewalks, Storm Sewer |
| Lender Owned: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| All Program Acres: | 0 |
| Restrictions/Covenants: | Open |
| School District Number: | 834 |
| School District Phone: | 6513518301 |
| Tax With Assessments: | $6,412 |
| Parcel Number: | 2803020420183 |
| Postal City: | Stillwater |
| Public Survey Range: | 20 |
| Public Survey Section: | 28 |
| Public Survey Township: | 30 |
| State Or Province: | MN |
| Tax Year: | 2025 |
| Topography: | Gently Rolling, High Ground |
| Utilities: | Cable Available, Electricity Available, Natural Gas Available, None Connected, Sewer Available, Storm Sewer Available, Phone Available, Underground Utilities Available, Water Available |
| Zoning Description: | Business/Commercial, Lot, Residential-Multi-Family |
| Township: | Stillwater |
| Development Amenity Type: | No |
| School District Full Name: | 834 - Stillwater |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:59 PM - CT
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Property Last Updated: October 08, 2026 04:59 PM - CT
