Property Description

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.