Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land on Golf Course Title is generated by Realmo AI

    Tbd Mulligan Drive, Emily, MN 56447

    View on Map
    Claim this Listing
    For Sale
    $395,000

    Lots & Land - Emily, MN

    Lot size:
    3.67 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    224
    Last Refresh:
    May 17 at 1:06 am

    Property Features for Tbd Mulligan Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Multi-Family
    Standard status
    Active
    APN
    21330511
    Lot size
    3.67 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1232

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bruce Larson

    Listing agent Bruce Larson

    Listing office Keller Williams Realty Professionals 14091 Baxter Dr, Brainerd, MN

    Listing date Oct 6, 2025

    MLS# 6797979 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.

    HighLights

    • Approved development for 8 townhomes with immediate permit availability.
    • Located on the Emily Greens Golf Course with golf course views from all units.
    • Development offers fee ownership or rental potential.
    • Excellent location only 14 minutes from Crosslake and the Whitefish Chain of Lakes.
    • Development is approved by the county.
    • Preliminary proposed floor plans are available.

    Overview

    This 3.67-acre residential land offers development potential for 8 townhomes on the Emily Greens Golf Course. The development is approved by the county, and permits can be immediately pulled to start construction. All units will have golf course views. Preliminary proposed floor plans are available. This location offers fee ownership or rental potential. The property is located in Emily, Minnesota, approximately 14 minutes from Crosslake and the Whitefish Chain of Lakes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Emily
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.986926
    Latitude
    46.730291

    Nearby Similar for Sale

    • $349,000

      Commercial Property in Emily, MN

      Commercial property featuring showroom, office, production, and storage space.
      40074 Evergreen Drive, Emily, MN 56447
      View Details
    • $275,000

      Fairfield Twp Land Parcel

      24-acre wooded parcel near public land in Fairfield Twp, MN.
      37441 Darsnek Road, Fairfield Twp, MN 56447
      View Details
    • $295,000

      Mary Lake Vacant Lot

      Rare 0.82 acre vacant lot with 110' lake frontage.
      Tbd S Shore Drive, Emily, MN 56447
      View Details
    • $235,000

      Highway 6 Commercial Opportunity

      Versatile property in Emily's lake country, ideal for various ventures.
      21427 County Road 36, Fairfield Twp, MN 56447
      View Details
    • $1,200,000

      Minnesota Forest & Wildlife Haven

      400+ acre managed forest, ideal hunting and recreational property.
      29326 County Road 1, Emily, MN 56447
      View Details
    • $169,900

      Lake Adney Buildable Lakeshore Lot

      0.80-acre lot on Lake Adney with 100 feet shoreline.
      Tbd Olander Road, Fairfield Twp, MN 56447
      View Details
    • $110,000

      10 Acres of Mixed Terrain

      10-acre parcel suitable for hunting, cabin, or house.
      Tbd County Road 36, Fairfield Twp, MN 56447
      View Details
    • $310,000

      Emily, MN: 80 Acres Woodland

      80 acres of woodland near Crosslake and Emily, Minnesota.
      Tbd Olander Road, Emily, MN 56447
      View Details
    • $45,900

      Residential Lots in Golf Community

      Residential lots in a golf course community with shared utilities.
      39812 Par West Drive, Emily, MN 56447
      View Details
    • $58,900

      Residential Lot on Golf Course

      2.14 acre residential lot on Emily Greens Golf Course.
      Tract B County Road 1, Emily, MN 56447
      View Details
    • $55,900

      Golf Course View Property

      2+ acre property with golf course views in three directions.
      Tract A County Road 1, Emily, MN 56447
      View Details
    • $49,900

      Residential Land in Golf Community

      Land for sale in Par West golf course community.
      39918 Par West Drive, Emily, MN 56447
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with development potential for townhomes on golf course.
    Where is this residential land & home lot located?
    The property is located at Tbd Mulligan Drive Emily, MN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Approved development for 8 townhomes with immediate permit availability.; Located on the Emily Greens Golf Course with golf course views from all units.; Development offers fee ownership or rental potential.
    (218) 831-7653
    We can help!
    Listing Contact
    Bruce Larson
    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
    Tbd Mulligan Drive, Emily, MN 56447
    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!