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

    35868 Sharon Prairie Drive Le Sueur, MN 56058

    View on Map
    For Sale
    $69,900

    Lots & Land - Le Sueur, MN

    Lot size:
    2.47 Acres
    Added:
    May 24, 2018
    Days on Market:
    2870
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 35868 Sharon Prairie Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    117000030
    Lot size
    2.47 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    128

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cara Bishop

    Listing agent Cara Bishop

    Listing office True Real Estate 112 S Riverfront Drive, Mankato, MN

    Listing date May 24, 2018

    MLS# 4958033 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 Land Near Country Club

    This 2.47-acre residential land is located just outside of Le Sueur, Minnesota, near the country club. Zoned for single-family residential use, the property is suitable for building a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Le Sueur
    County
    Le Sueur
    State
    Minnesota
    Longitude
    -93.871337
    Latitude
    44.429385

    Nearby Similar for Sale

    • $400,000

      Le Sueur Mixed-Use Opportunity

      Commercial and residential property in Le Sueur's historic district.
      205 S Main Street, Le Sueur, MN 56058
      View Details
    • $179,000
      1,645 SF

      Le Sueur Duplex For Sale

      Duplex in Le Sueur, MN, ideal for owner occupancy.
      221 Bridge Street, Le Sueur, MN 55148
      View Details
    • $565,000

      Buildable 40-Acre Land in Le Sueur

      40-acre property with income potential and multiple outbuildings in Le Sueur.
      36518 211th Avenue, Le Sueur, MN 56057
      View Details
    • $339,900

      Le Sueur Turnkey Investment Property

      Fully leased, renovated mixed-use property in high-demand retail area.
      106 N Main Street, Le Sueur, MN 56058
      View Details
    • $25,000

      Residential Lot in Le Sueur

      Residential lot in a quiet, convenient Le Sueur location.
      124 Kaukis Drive, Le Sueur, MN 56058
      View Details
    • $45,000

      Residential Lot in Le Sueur

      Residential lot offers small-town convenience with peaceful country living.
      120 Kaukis Drive, Le Sueur, MN 56058
      View Details
    • $69,900

      Residential Lot in Le Sueur

      Single-family lot in a desirable Le Sueur community.
      104 Spruce Court, Le Sueur, MN 56058
      View Details
    • $120,000

      Woodsy 5-Acre Buildable Lot

      5-acre buildable lot with stream near Henderson, Minnesota.
      Tbd 320th Street, Le Sueur, MN 56058
      View Details
    • $157,000

      Tranquil 5-Acre Premier Lot

      5-acre lot near highways, parks, and lakes.
      Lot 3 316th Street, Le Sueur, MN 56058
      View Details
    • $69,900

      Residential Land Near Country Club

      Acreage for residential development near Le Sueur Country Club.
      29957 Prairie Sage Lane, Le Sueur, MN 56058
      View Details
    • $500,000
      20,436 SF

      Industrial Property in Le Sueur

      Three buildings totaling 20,436 SF on Ottawa Rd.
      37701 Ottawa Rd, Le Sueur, MN
      View Details
    • $69,900

      Residential Land Near Country Club

      Acreage development opportunity near Le Sueur Country Club.
      35794 Sharon Prairie Drive, Le Sueur, MN 56058
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Acreage for building a dream home near Le Sueur.
    Where is this residential land & home lot located?
    The property is located at 35868 Sharon Prairie Drive Le Sueur, MN.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Acreage development: Offers spacious land for building.; Build your dream home: Opportunity for customization and personalization.; Near Le Sueur: Convenient access to town amenities and services.
    (507) 317-6259
    We can help!
    Listing Contact
    Cara Bishop
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!