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COMMERCIAL AND INDUSTRIAL PROPERTY <br /> <br />The property slated for the extension of the water main project is located at 3781 <br />Labore Road in the City of Vadnais Heights. <br />This parcel consists of 16.9 acres with 2.45 acres that are considered wasteland <br />and unbuildable. Leaving a net buildable area of 14.45 acres or 629,442 square feet. <br />The property is improved with a four-bedroom Rambler, built in 1967, with a <br />two-car garage. There is a large drive-through pole building and several green houses. <br />This subject area is currently utilized as an Urban Farm. <br />According to the City’s Comprehensive Plan this site is guided for industrial use. <br />Therefore, it is my opinion that the Highest and Best Use of the property is that of <br />Industrial. <br /> <br />UTILITY IMPROVEMENTS <br /> <br /> The property is improved with paved streets, electricity and natural gas only. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />123