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Mixed-Use Development Land Opportunity

11042 Little Elm Prairie Grove, AR 72753

11042 Little Elm, Prairie Grove, AR, 72753
$475,000
For Sale
$475,000

LAND - Prairie Grove, AR

Lot Size1.15 Acres
Days on Market162

Property Features for 11042 Little Elm

General Information

Property type
Land
Property subtype
Other
Standard status
Active
APN
805-20331-100
Lot size
1.15 Acres

Taxes and HOA fees

Tax Description
ANNEXED TO CITY OF PRAIRIE GROVE FOR 2006 & FOLLOWING YEARS PER ANNEXATION ORDINACE NO. 2006-15 PT NW SW 0.71AC; PART OF THE NW QUARTER (NW 1/4) OF THE SOUTHWEST QUARTER (SW 1/4) OF S4-T15N-R31W
Tax Annual Amount
868

Utilities

Water source
Public
Listing Agency Legend Realty Inc
196 E Main, AR
Listed by Curtis Stewart · License #SA00054462
Added: Feb 6 Checked: Jul 18 at 10:06 am
MLS# 1335491 Listing URL

Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering presents a unique development opportunity comprised of two adjoining parcels totaling approximately 1.15 acres. The property includes one commercial parcel and one residential parcel, giving owners flexibility to pursue a range of concepts subject to approvals. The residential zoned portion is currently pending with the city of Prairie Grove for commercial rezoning, which may broaden future use options.

The property is located on a busy four-lane highway, providing strong visibility and traffic exposure for businesses seeking walk-by or drive-by attention. It is approximately 3 miles from Prairie Grove, 3 miles from Farmington, and about 6.5 miles from Interstate 49, supporting convenient regional access.

Given the combination of commercial and residential parcels, this site may appeal to investors and developers looking for flexibility while working through rezoning for the residential component. It is also well suited for business owners who value highway presence and want to evaluate potential uses across the two-parcel configuration.

Key Highlights

  • Two adjoining parcels totaling approximately 1.15 acres: one commercial parcel and one residential parcel
  • Residential‑zoned parcel is pending with the city of Prairie Grove for commercial rezoning
  • Located on a busy 4‑lane highway with strong frontage and traffic exposure

Property Analytics

Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Building Supply (Bike/Boat/Book/etc) Store Auto Repair Shop Nail Salon Home Appliance Store Spa & Massage Center Hair Salon HVAC Service Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Commercial land - Two adjoining parcels with commercial and residential flexibility on a busy four-lane highway.
Where is this commercial land located?
The property is located at 11042 Little Elm Prairie Grove, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two adjoining parcels totaling approximately 1.15 acres: one commercial parcel and one residential parcel; Residential‑zoned parcel is pending with the city of Prairie Grove for commercial rezoning; Located on a busy 4‑lane highway with strong frontage and traffic exposure
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