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Industrial Land with Mixed-Use Guidance

260th Street E, Elko New Market, MN 55020

For Sale
$1,650,000

Land, Elko New Market, MN

Property SizeContact for details
Lot Size10.00 Acres
Days on Market56

Property Features for 260th Street E

General Information

Property type Land
Property subtype Other
Zoning description Business/Commercial, Industrial
Lot features Tree Coverage - Light
High school district Lakeville
Directions From 35W exit onto 260th St E, lot will be on your right.
Standard status Active
APN 089230080
Lot size 10.00 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 964
Listing Agency: RE/MAX Advantage Plus · RE/MAX International
Listed By: Kelly Beck · License #40537510
Added: Sep 15 Changed: Oct 30 Last Checked: Nov 9 at 3:06AM
MLS# 7137141

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.

Rey
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Investment Insights

Based on property information with market context.

This approximately 10-acre industrial land parcel has generally level terrain, with mature trees along portions of the site. A 2026 survey is available. The northern section is guided for business and limited industrial uses; office, warehouse, distribution, light manufacturing, and mini-storage are identified as potential uses, subject to zoning and approvals. The southern section carries a commercial land-use designation.

The property is outside Elko New Market city limits and falls under Scott County zoning jurisdiction. It fronts County Road 2, where existing turn lanes are intended to accommodate future roadway access. Municipal water is available south of County Road 2. Utility extensions and roadway upgrades are anticipated in connection with development. The site is near I-35W.

Key Highlights

  • Approximately 10 acres of industrial land
  • Northern portion guided for business and limited industrial uses; southern portion guided for commercial uses
  • Potential northern uses include office, warehouse, distribution, light manufacturing, and mini‑storage, subject to zoning and approvals

Property Analytics

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Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Hair Salon Restaurant Nail Salon Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby

Demographics for 55020, MN

4,053
Population
1,501
Households
2.7
Avg Household Size
38
Median Age
38%
College-Educated
97%
High-School Grad
23.8 sq mi
ZIP Area
170
Density / Sq Mi
$127,159
Median Household Income
$65,728
Median Earnings
$452,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - City plan designations span business, limited industrial, and commercial uses across the property.
Where is this industrial land located?
The property is located at 260th Street E Elko New Market, MN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 10 acres of industrial land; Northern portion guided for business and limited industrial uses; southern portion guided for commercial uses; Potential northern uses include office, warehouse, distribution, light manufacturing, and mini‑storage, subject to zoning and approvals
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