Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21280 654th Avenue Litchfield, MN 55355

    View on Map
    Claim this Listing
    Pending
    $185,000

    Lots & Land - Litchfield, MN

    Lot size:
    0.53 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    26
    Last Refresh:
    May 3 at 11:06 am

    Property Features for 21280 654th Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Lot
    Standard status
    Pending
    APN
    080582000
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    936

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    The Broll Team

    Listing agent The Broll Team

    Listing office Keller Williams Realty Integrity Northwest 902 Highway 15, S., Otsego, MN

    Listing date Apr 8, 2026

    MLS# 7049405 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Manuella Lot Ready to Build

    This 0.53-acre lot is situated on Lake Manuella and features 124 feet of private shoreline. It is ready for a custom-built home. A new well and septic system have been installed, and utilities are ready to be connected. Landscaping has been added to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Storage Facility Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Meeker
    State
    Minnesota
    Longitude
    -94.453964
    Latitude
    45.055068

    Nearby Similar for Sale

    • $1,500

      Restored Storefront in Downtown Litchfield

      Historic storefront with flexible space in downtown Litchfield, Minnesota.
      109 N Sibley Avenue, Litchfield, MN 55355
      View Details
    • $1,500

      Downtown Commercial Kitchen Opportunity

      Spacious, partially equipped commercial kitchen in downtown Litchfield, Minnesota.
      215 N Sibley Avenue, Litchfield, MN 55355
      View Details
    • $975

      Downtown Commercial Space for Sale

      Historic downtown commercial space ideal for retail or office.
      129 N Sibley Avenue, Litchfield, MN 55355
      View Details
    • $2,200

      Litchfield Office Space For Sale

      Mid-century modern office building on high-traffic Highway 12.
      105 E Depot Street, Litchfield, MN 55355
      View Details
    • $250,000

      Highway 12 Commercial Opportunity

      3.27 acre commercial parcel with high visibility on Highway 12.
      60395 US Highway 12, Litchfield Twp, MN 55355
      View Details
    • $1,400,000

      Established Printing Business For Sale

      Turnkey printing business with property for sale in Litchfield, MN.
      826 N Sibley Avenue, Litchfield, MN 55355
      View Details
    • $649,900

      Litchfield Twp Mobile Home Park

      Well-maintained mobile home park with income potential on 5 acres.
      23924 Minnesota Highway 22, Litchfield Twp, MN 55355
      View Details
    • $299,000

      Mixed-Use Property in Litchfield, MN

      Large lot with remodeled office, bare land, and rental home.
      617 E Highway 12, Litchfield, MN 55355
      View Details
    • $2,800,000

      Litchfield Commercial Investment Property

      Over 7 acres near Walmart with existing rental income.
      1975 US Hwy 12, Litchfield, MN 55355
      View Details
    • $19,453,062

      Dollar General Portfolio For Sale

      Portfolio of 14 corporate-guaranteed Dollar General stores across seven states.
      701 N Sibley Ave, Litchfield, MN 55355
      View Details
    • $450,000

      Commercial Land with Highway Visibility

      1.52 acre commercial land with excellent highway visibility.
      2301 E Frontage Rd, Litchfield, MN
      View Details
    • $800,000
      10,004 SF

      Industrial Buildings and Land For Sale

      Three commercial buildings on 16.6 acres of industrial land.
      62805 Hwy 24, Litchfield, MN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.53 acre lot with 124 feet of shoreline.
    Where is this residential land & home lot located?
    The property is located at 21280 654th Avenue Litchfield, MN.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: 124 feet of private shoreline on Lake Manuella; New well and septic system already installed; Utilities ready to be connected, saving time and expense
    (320) 587-4242
    We can help!
    Listing Contact
    The Broll Team
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    21280 654th Avenue, Litchfield, MN 55355

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!