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    240Th St S Elbow Lake, MN 56531

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    For Sale
    $308,000

    51-acre site suitable for recreation, storage, or reclamation.

    Lot size:
    51.42 Acres

    Property Features for 240Th St S

    General Information

    Lot size
    51.42 Acres
    Source: Moodyscre

    Listing Agent: Justin Gustofson

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

    Overview

    51 Acres Near Elbow Lake

    This 51-acre site, situated just east of Elbow Lake and 7 miles from I-94, was previously utilized as a gravel pit. The property features a combination of open ground and varied terrain. It offers potential for recreational use, material storage, or future reclamation. The rural setting and convenient access provide a unique opportunity for flexible land use in west-central Minnesota.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Elbow Lake
    County
    Grant
    State
    Minnesota
    Longitude
    -95.8376855
    Latitude
    45.9628924

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    FAQs

    What type of property is this?
    Land - 51-acre site suitable for recreation, storage, or reclamation.
    Where is this land located?
    The property is located at 240Th St S Elbow Lake, MN.
    What is the asking price?
    The asking price for this property is $308,000.
    What are key features of this property?
    This property features: - 51-acre site offering flexible land use potential.; - Convenient access, located only 7 miles from I-94.; - Rural setting in west-central Minnesota.
    (701) 238-7370
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    240Th St S Elbow Lake, MN 56531
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    Elbow Lake, MN 56531
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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
    240Th St S Elbow Lake, MN 56531
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