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EDC – Arden Hills June 2, 2017 Page 3 P:\Admin\Committees & Commissions\Committees & Commissions\Economic Development Commission (EDC)\2017\06-07-17\Higher Ed Study\WSB Memo 06022017.docx Land & Building Space Availability - Business Zones B-2 B-3 B-4 Total Number of Parcels 33 17 9 59 Undeveloped Parcels 5 3 0 8 Land Total (acres) 100.7 44.4 21.0 166.1 Vacant Acres 24.9 4.4 0.0 29.2 % Available for Development 24.7% 10.0% 0% 17.6% Median Lot Size 1.5 1.5 2.6 1.7 Largest Lot 21.3 8.1 4.0 - - Property Address 12 Pine Tree Dr 1160 Grey Fox Rd 3757 Dunlap St N - - Property Owner Bethel University St Paul Fire And Marine Ins Co St Paul Fire And Marine Ins Co - - Property Tenant(s) Bethel University Venture Solutions Sherwin-Williams - Smallest Lot 0.2 1.0 0.9 - - Property Address 0 Pine Tree Dr 3928 Northwoods Dr 3755 Dunlap St N - - Property Owner City Of Arden Hills Group Health Plan L2 Holdings V Llc - - Property Tenant(s) City Of Arden Hills HealthPartners Pharmacy Aspect LED - Building Total (sq.ft.) 98,2138 584,486 317,706 1,884,330 Number of Vacant Buildings* 7 0 0 7 Median Building Size 14,594 27,664 41,890 24,000 Largest Building 227,138 132,000 60,000 - - Property Address 2 Pine Tree Dr 1160 Grey Fox Rd 3757 Dunlap St N - - Property Owner Bethel University St Paul Fire And Marine Ins Co St Paul Fire And Marine Ins Co - - Property Tenant(s) Bethel University Venture Solutions Sherwin-Williams - Smallest Building 3,088 3,260 11,720 - - Property Address 1306 County Road E W 3751 Lexington Ave N 3755 Dunlap St N - - Property Owner T & C Land Holding Ii Llc Cs&m Arden Hills Llc L2 Holdings V Llc - - Property Tenant(s) Brausen Automotive Arby’s Aspect LED - * The summation of properties listed for lease and for sale. Sources: Ramsey County Assessor, LoopNet Real Estate Listings, WSB & Associates. • The B-2 district has more parcels than any other business/industrial district in the city. It also has the largest number of vacant buildings. • The business zones have eight (8) undeveloped parcels, 29.2 acres of vacant land, and seven (7) vacant buildings. 17.6% of the land in these districts is vacant, while some of this vacant land provides parking for Flaherty’s Bowling Alley, and the high number of vacant building indicates that there is an opportunity to bring in new businesses through new development and redevelopment.