Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    25296 S Melissa Dr 16, Detroit Lakes, MN 56501

    View on Map
    Claim this Listing
    For Sale
    $109,000

    Land available near Detroit Lakes, Minnesota.

    Type:Land
    Added:
    Dec 30, 2025
    Days on Market:
    154
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 25296 S Melissa Dr 16

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael Carlson

    Listing agent Michael Carlson

    Listing office

    Listing date Dec 30, 2025

    Source Evrealestate

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

    All listing content including descriptions, pricing, images are the copyrighted material of Michael Carlson

    HighLights

    • Property location in Becker County.
    • Located off of Co Hwy 17.
    • Directions available from Detroit Lakes via US‑59 S.
    • Accessible from 110th St.
    • Property is on the left side of the road.
    • Located 6 miles from Detroit Lakes.

    Overview

    The property is located near Detroit Lakes, Minnesota. To reach the property from Detroit Lakes, travel south on US-59 for 6 miles, turn right onto 110th Street, then turn right onto County Highway 17. After turning right again, the property will be on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Hotel & Motel Wine and Liquor Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit Lakes
    County
    Becker
    State
    Minnesota
    Longitude
    -95.875589
    Latitude
    46.731375

    Nearby Similar for Sale

    • $775,000

      Highway 10 Frontage Commercial Land

      Prime commercial land with high visibility on Highway 10.
      1910 E Shore Drive, Detroit Lakes, MN 56501
      View Details
    • $6,000,000
      47,000 SF

      Detroit Lakes Development Opportunity

      Prime 75+ acre site for commercial or multifamily development.
      1240 Randolph Road, Detroit Lakes, MN 56501
      View Details
    • $875,000

      Little Pelican Lake Shoreline Preserve

      6.29 acres with 1,150 feet of lake frontage!
      25819 Frieda Drive, Detroit Lakes, MN 56501
      View Details
    • $489,900

      Prime Land Near Highway 10

      4-acre commercial land near Highway 10 in Detroit Lakes.
      Tbd Randolph Road, Detroit Twp, MN 56501
      View Details
    • $1,299,999
      5,928 SF

      Commercial Building with Operating Business

      Turnkey commercial building with established Painters Plus business for sale.
      15555 Heille Ridge Ln, Detroit Lakes, MN 56501
      View Details
    • $369,900

      Prime Land Near Highway 10

      Two-acre commercial land parcel near Highway 10 in Detroit Lakes.
      Tbd Highland Drive, Detroit Twp, MN 56501
      View Details
    • $719,000
      4,080 SF

      Highway 10 Shop with Acreage

      4,000+ sqft shop on 2 acres with highway frontage.
      TBD 28428 US-10, Detroit Lakes, MN 56501
      View Details
    • $61,599

      Land For Sale

      Land available on the corner of South Shore Drive.
      TBD Lot 9 Block 1 South Ridge Road, Detroit Lakes, MN 56501
      View Details
    • $6,000,000

      Detroit Lakes 80+ Acre Property

      Unique 80+ acre property in Detroit Lakes, Minnesota.
      1240 Randolph Rd, Detroit Lakes, MN 56501
      View Details
    • $210,000
      2,016 SF

      Storage Unit in Prime Location

      42' x 48' storage unit with exclusive amenities.
      25174 County Highway 6, Lake View Twp, MN 56501
      View Details
    • Contact for pricing

      Minnesota Land Near Detroit Lakes

      40+ acres near Detroit Lakes with recreational amenities.
      13617 260 Ave, Detroit Lakes, MN 56501
      View Details
    • $899,000
      4,080 SF

      Highway Frontage Shop in Detroit

      4.38 acres with 4,000+ sq ft shop on Highway 10.
      28428 US-10, Detroit Lakes, MN 56501
      View Details

    FAQs

    What type of property is this?
    Land - Land available near Detroit Lakes, Minnesota.
    Where is this land located?
    The property is located at 25296 S Melissa Dr 16 Detroit Lakes, MN.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: Property location in Becker County.; Located off of Co Hwy 17.; Directions available from Detroit Lakes via US‑59 S.
    (218) 850-7146
    We can help!
    Listing Contact
    Michael Carlson
    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
    25296 S Melissa Dr 16, Detroit Lakes, MN 56501
    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!