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    N & Lk Elmo Ave N Lake Elmo, MN

    For Sale
    Contact for pricing

    Mixed-use development opportunity with high visibility and easy highway access.

    Lot size:
    57.54 Acres

    Property Features for N & Lk Elmo Ave N

    General Information

    Lot size
    57.54 Acres

    Source: Cushman & Wakefield Agent Luke Appert

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

    Overview

    Lake Elmo Mixed-Use Development Opportunity

    This property presents a unique mixed-use development opportunity in Lake Elmo. It benefits from visibility and easy access to I-94, which sees over 89,000 vehicles per day. Sewer and water services are available in the street. Allowed uses for the property include senior living, multi-family housing, and commercial development, although medium density is currently under contract.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake Elmo
    County
    Washington
    State
    Minnesota
    Longitude
    -92.8793768
    Latitude
    44.9957998

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    FAQs

    What type of property is this?
    Land - Mixed-use development opportunity with high visibility and easy highway access.
    Where is this land located?
    The property is located at N & Lk Elmo Ave N Lake Elmo, MN.
    What are key features of this property?
    This property features: - Unique mixed-use development opportunity in Lake Elmo; - Visibility and easy access to I-94 (over 89,000 vehicles per day); - Allowed Uses: Senior, Multi-Family, Commercial
    (651) 315-6641
    Request Owner's contact information
    N & Lk Elmo Ave N Lake Elmo, MN
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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
    N & Lk Elmo Ave N Lake Elmo, MN
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