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    Parrish Ave NE Otsego, MN 55376

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    For Sale
    $2,189,000

    Commercial land with highway and river frontage in growing area.

    Lot size:
    33.91 Acres

    Property Features for Parrish Ave NE

    General Information

    Lot size
    33.91 Acres

    Source: KW Commercial Northwest - Otsego Agent William Christian

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

    Overview

    Commercial Land with Highway Frontage

    This commercial land is located in a busy commercial area with frontage on Highway 101 and County Road 42. Situated just south of Highway 10, the property offers potential for a service destination. The surrounding area includes established retail businesses, restaurants, and hotels. The property also features frontage on the Mississippi River. The price per square foot is $2.01. This land is located in an area experiencing excellent growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Otsego
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.564311
    Latitude
    45.22513

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    FAQs

    What type of property is this?
    Land - Commercial land with highway and river frontage in growing area.
    Where is this land located?
    The property is located at Parrish Ave NE Otsego, MN.
    What is the asking price?
    The asking price for this property is $2,189,000.
    What are key features of this property?
    This property features: - Highway 101 Frontage & County Road 42 Access; - Mississippi River Frontage; - High-Traffic Commercial Area
    (763) 360-5008
    Request Owner's contact information
    Parrish Ave NE Otsego, MN 55376
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    Otsego, MN 55376
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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
    Parrish Ave NE Otsego, MN 55376
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