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Mr. Eric Zweber December 19, 2017
<br />WSB & Associates, Inc. Page 3
<br />Neighborhood Analysis
<br />Navarre is a community of 342 people (Esri 2017) that covers just over 100 acres in southern
<br />Orono, MN. Orono, located in Hennepin County, has a population of 8,179 (Esri 2017). Situated
<br />on Shoreline Drive, the subject area is almost completely surrounded by Lake Minnetonka, the
<br />ninth largest lake in Minnesota and a popular attraction for boaters, sailors, and fishermen. The
<br />site is bordered to its West by Spring Park, to its South by Tonka Beach, and is about 18.5 miles
<br />away from Downtown Minneapolis.
<br />The site area consists of 230 parcels comprising of a variety of uses. Residential land uses are
<br />by far the most common type of use present representing roughly 60% of parcels and 38% of
<br />acres. There are 24 vacant parcels in Navarre of various land uses. Of special interest are 27
<br />parcels, mostly along Shoreline Drive, which are particularly suited for redevelopment. The fol-
<br />lowing table, maps, and photos depict the site location and the surrounding land uses.
<br />Apartments
<br />Commerical
<br />Common Area
<br />Residential
<br />Seasonal- Residential
<br />Townhouse
<br />Vacant
<br />Subtotal
<br />TABLE 1
<br />PARCEL SUMMARY
<br />NAVARRE
<br />Source: Realist Tax, Maxfield Research & Consulting LLC
<br />MAXFIELD RESEARCH AND CONSULTING, LLC
<br />$510,000
<br />$795,000
<br />WM
<br />1
<br />0.96
<br />$285,000
<br />26
<br />33.60
<br />$5,654,000
<br />6
<br />10.39
<br />$0
<br />137
<br />38.80
<br />$12,703,000
<br />8
<br />2.50
<br />$554,000
<br />28
<br />1.04
<br />$672,000
<br />24
<br />14.01
<br />$663,000
<br />230
<br />101.3
<br />$20,531,000
<br />Source: Realist Tax, Maxfield Research & Consulting LLC
<br />MAXFIELD RESEARCH AND CONSULTING, LLC
<br />$510,000
<br />$795,000
<br />$7,441,000
<br />$13,095,000
<br />$0
<br />$0
<br />$16,571,000
<br />$29,274,000
<br />$801,000
<br />$1,355,000
<br />$4,143,000
<br />$4,815,000
<br />$0
<br />$663,000
<br />$29,466,000
<br />$49,997,000
<br />
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