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    1416 Terry St Detroit Lakes, MN 56501

    Sponsored
    For Sale
    $93,852

    Vacant Land, 2.24 Acres, $93,852

    Property size:
    97,574 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    330
    This exceptional 2.24-acre vacant industrial lot presents a remarkable opportunity for businesses seeking expansion or relocation in the thriving Detroit Lakes, Minnesota market. Located at 1416 Terry St, within the city limits and zoned for industrial use, this property offers significant potential for various commercial, manufacturing, or warehouse applications. The lot boasts a substantial 97,574 square feet of buildable space, providing ample room for large-scale projects. Its strategic location within the Detroit Lakes North Industrial Park offers easy access to major transportation routes, ensuring efficient logistics and distribution. The property is completely vacant, allowing for complete design and construction flexibility to meet specific business needs. The asking price is $93,852, representing a compelling investment opportunity in a rapidly growing area. Tax Increment Financing may be available, further enhancing the financial attractiveness of this property. This is an ideal location for contractors, manufacturers, processing plants, or any business seeking a strategic foothold in a dynamic industrial setting. The property's APN is 490871413. The seller holds 100% ownership. This is a rare opportunity to acquire a prime industrial lot in a desirable location. Don't miss out on this chance to secure your future in Detroit Lakes.

    Property Features for 1416 Terry St

    General Information

    Property type
    Distribution properties
    Square Feet
    97,574 SF
    Lot Size
    97,574 SF

    HighLights

    • $93,852 asking price for a vacant industrial land parcel.
    • 2.24‑acre lot in Detroit Lakes, MN.
    • 97,574 square feet; zero existing buildings.
    • Located at 1416 Terry St, Detroit Lakes, MN 56501 (APN 490871413).
    • 100% ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit Lakes
    County
    Becker
    State
    Minnesota
    Longitude
    -95.829762
    Latitude
    46.833625

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    FAQs

    What type of property is this?
    Distribution property - Vacant Land, 2.24 Acres, $93,852
    Where is this distribution property located?
    The property is located at 1416 Terry St Detroit Lakes, MN.
    What is the asking price?
    The asking price for this property is $93,852.
    What are key features of this property?
    This property features: $93,852 asking price for a vacant industrial land parcel.; 2.24-acre lot in Detroit Lakes, MN.; 97,574 square feet; zero existing buildings.
    Request Owner's contact information
    1416 Terry St Detroit Lakes, MN 56501
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    Detroit Lakes, MN 56501
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    Realmo Value Estimation

    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.

    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.

    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
    1416 Terry St Detroit Lakes, MN 56501
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