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    James Pkwy Elko New Market, MN 55054

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    For Sale
    $990,900

    Land development opportunity in a high-density residential district.

    Lot size:
    3.19 Acres

    Property Features for James Pkwy

    General Information

    Lot size
    3.19 Acres

    Source: Edina Realty Inc - Lakeville Agent Yvonne Perkins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Development Opportunity

    This property presents a development opportunity within a high-density residential R-4 district. Approved for a 40-unit townhome development, the site is designed to accommodate 18 three-bedroom units and 22 two-bedroom units. The location offers convenient access to 35W and is situated close to an elementary school in the growing area of Elko New Market.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elko New Market
    County
    Scott
    State
    Minnesota
    Longitude
    -93.3584335
    Latitude
    44.5763331

    FAQs

    What type of property is this?
    Land - Land development opportunity in a high-density residential district.
    Where is this land located?
    The property is located at James Pkwy Elko New Market, MN.
    What is the asking price?
    The asking price for this property is $990,900.
    What are key features of this property?
    This property features: - High-density residential R-4 district zoning allows for significant development potential.; - Approved for a **40-unit townhome development.**; - Site plans accommodate a mix of 18 3-bedroom and 22 2-bedroom units.
    (612) 709-1555
    Request Owner's contact information
    James Pkwy Elko New Market, MN 55054
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    Elko New Market, MN 55054
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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
    James Pkwy Elko New Market, MN 55054
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