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    709 Norman Ave N Foley, MN 56329

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    For Sale
    $2,800,000

    Land suitable for multi-family, commercial, and single-family development.

    Lot size:
    130.78 Acres

    Property Features for 709 Norman Ave N

    General Information

    Lot size
    130.78 Acres

    Source: Coldwell Banker Commercial Realty Agent Craig Weber

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

    Overview

    Prime Land for Development

    Three parcels of land are available for development, suitable for multi-family housing, commercial retail spaces, and single-family homes. All city utilities are located along Norman Avenue. The City of Foley has funds available for suitable development projects. The property is located 23 minutes from the new data center in Becker, 23 minutes from the new Allina Industrial Park, and 20 minutes from St. Cloud. The sellers would consider dividing the land into 40-acre parcels. The buyer must purchase a minimum of 40 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Benton
    State
    Minnesota
    Longitude
    -93.9226227
    Latitude
    45.6731439

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    FAQs

    What type of property is this?
    Land - Land suitable for multi-family, commercial, and single-family development.
    Where is this land located?
    The property is located at 709 Norman Ave N Foley, MN.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Development potential for multi-family, commercial retail, and single-family homes.; - All city utilities are available along Norman Ave.; - Proximity to employment hubs: 23 minutes from the new data center in Becker, 23 minutes from the new Allina Industrial Park, and 20 minutes from St Cloud.
    (612) 968-0839
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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
    709 Norman Ave N Foley, MN 56329
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