Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3085 Ironwood Circle Slayton, MN 56172

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Lots & Land - Slayton, MN

    Lot size:
    0.57 Acres
    Added:
    Jul 11, 2019
    Days on Market:
    2488
    Last Refresh:
    May 2 at 1:06 am

    Property Features for 3085 Ironwood Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    TBD
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stacy M Like
    Stacy M Like

    Listing agent Stacy M Like

    Listing office Creative Three, Inc. 2520 Broadway Ave., Slayton, MN

    Listing date Jul 11, 2019

    MLS# 5261827 Listing URL

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

    Overview

    Residential Lots in Prairie Estates

    Available for purchase are lots within Prairie Estates, a new community development featuring 27 elevated lots. These lots are equipped with city sewer, city water, curb and gutter, paved streets, and other utilities, all without assessments. The location offers convenient access to MCC schools, softball fields, a park, and a public swimming pool. The property is zoned for residential single-family use and the lot size is approximately 0.57 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Slayton
    County
    Murray
    State
    Minnesota
    Longitude
    -95.762673
    Latitude
    43.9847621

    Nearby Similar for Sale

    • $69,000

      Slayton Commercial Property For Sale

      Versatile commercial property in downtown Slayton, suitable for various uses.
      2610 Broadway Avenue, Slayton, MN 56172
      View Details
    • $499,900

      Lake Shetek Point Lot

      Rare 3.47-acre lot with 618' shoreline on Lake Shetek.
      148 Pleasant View Road, Lake Sarah Twp, MN 56172
      View Details
    • $650,000

      Slayton Senior Apartment Building

      Well-maintained 32-unit senior apartment building with HUD contract.
      3200 Maple Avenue, Slayton, MN 56172
      View Details
    • $700,000

      23-Unit Apartment Building Investment

      23-unit apartment building in Slayton, MN with cash flow potential.
      3200 Maple Avenue, Slayton, MN 56172
      View Details
    • $25,000

      Residential Lots in Prairie Estates

      Residential lots available in new community development, Slayton, MN.
      3110 Prairie Circle, Slayton, MN 56172
      View Details
    • $40,000

      Residential Lots in Prairie Estates

      Residential lots available in new community development, Slayton, MN.
      3070 Prairie Circle, Slayton, MN 56172
      View Details
    • $30,000

      Residential Lots in Prairie Estates

      Residential lots available in a new community development, Slayton, MN.
      3055 Ironwood Circle, Slayton, MN 56172
      View Details
    • $25,000

      Residential Lots in Prairie Estates

      Residential lots available in new community development, Slayton, MN.
      3080 Prairie Circle, Slayton, MN 56172
      View Details
    • $25,000

      Residential Lots in Prairie Estates

      Residential lots available in new community development, Slayton, MN.
      3085 Prairie Circle, Slayton, MN 56172
      View Details
    • $25,000

      Residential Lots in Prairie Estates

      Residential lots available in new community development, Slayton, MN.
      3090 Ironwood Circle, Slayton, MN 56172
      View Details
    • $25,000

      Residential Lots in Prairie Estates

      Residential lots available in new community development, Slayton, MN.
      3090 Prairie Circle, Slayton, MN 56172
      View Details
    • $25,000

      Residential Lots in New Development

      Residential lots available in a new community development.
      3065 Ironwood Circle, Slayton, MN 56172
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots available in a new community development, Slayton, MN.
    Where is this residential land & home lot located?
    The property is located at 3085 Ironwood Circle Slayton, MN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: New community development with 27 elevated lots.; City sewer and water included with no assessments.; Paved streets, curb and gutter, and other utilities included.
    (507) 836-8503
    We can help!
    Listing Contact
    Stacy M Like
    Stacy M Like
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3085 Ironwood Circle, Slayton, MN 56172

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!