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    1430 280Th St W New Prague, MN 56071

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    For Sale
    $1,300,000

    8.5 acres suitable for multifamily, commercial, or retail development.

    Lot size:
    8.50 Acres

    Property Features for 1430 280Th St W

    General Information

    Lot size
    8.50 Acres

    Source: Hamilton Real Estate Agent Ari Kolas

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

    Overview

    Development Land in Growing Suburb

    This 8.5-acre property presents a development opportunity in a rapidly growing suburban area. The flexible zoning allows for a range of development projects, including potential multifamily housing. The site is also suitable for commercial or retail use, offering mixed-use opportunities. The location is situated in an up-and-coming area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    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
    New Prague
    County
    Scott
    State
    Minnesota
    Longitude
    -93.5520177
    Latitude
    44.5440823

    Nearby Similar for Sale

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      44 Acres Farm Land Opportunity

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      Country Hollow Ln, New Prague, MN 56071
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    • $6,400,000
      3,310,560 SF

      New Prague Industrial Land - 76 Acres

      Prime MN industrial land, lease/sale. Excellent location.
      27286 Helena Blvd, New Prague, MN 56071
      View Details

    FAQs

    What type of property is this?
    Land - 8.5 acres suitable for multifamily, commercial, or retail development.
    Where is this land located?
    The property is located at 1430 280Th St W New Prague, MN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - 8.5 acres available for development; - Flexible zoning potential; - Potential for multifamily development
    (507) 271-5553
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    1430 280Th St W New Prague, MN 56071
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    New Prague, MN 56071
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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
    1430 280Th St W New Prague, MN 56071
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