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

    293rd Ave NW Princeton, MN 55371

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $390,000

    18.75 acres in Princeton, MN, featuring a pond.

    Type:Land
    Lot size:
    18.75 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 293rd Ave NW

    General Information

    Standard status
    Active
    Lot size
    18.75 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Steven DeGreeff

    Listing agent Steven DeGreeff License #506011596

    Listing office Keller Williams Realty Integrity Northwest

    Listing date Feb 10, 2026

    Source Crexi

    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 Keller Williams Realty Integrity Northwest

    Overview

    Princeton MN Acreage with Pond

    This 18.75-acre property in Princeton, MN, offers a blend of space and privacy. The land features one side edged by a pond and mature trees. The open acreage is suitable for building a home, agricultural use, or recreational activities. The pond and tree line add character and scenic views. This property is suited for a hobby farm, a private retreat, or a long-term land investment. It offers open skies and is located minutes from town amenities. This land provides natural features and potential in a growing area of Central Minnesota.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant HVAC Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.558836
    Latitude
    45.503416

    Nearby Similar for Sale

    • $390,000

      Princeton, MN Acreage with Pond

      18.75 acres in Princeton, MN with pond and trees.
      Xxx 293rd Ave, Princeton, MN 55371
      View Details
    • $120,000

      Acreage Lots in Premier Development

      Spacious lots in Princeton's newest premier residential development.
      13098 295th Ave, Princeton, MN 55371
      View Details
    • $590,000

      40 Acres Wooded Land Princeton

      Secluded 40-acre wooded property with creek near Princeton, MN.
      Xxx 111th St NW, Princeton, MN 55371
      View Details
    • $189,000

      9.8 Acres Wooded Land Parcel

      9.8-acre wooded parcel near Princeton, perfect for a dream home.
      11xxx 313th Avenue, Princeton, MN 55371
      View Details
    • $99,900

      Highway 169 Commercial Land

      5.82 acre commercial lot with Highway 169 visibility.
      Tbd 100th Ave, Princeton Twp, MN 55371
      View Details
    • $125,000

      Acreage Lots in Premier Development

      Spacious lots in Princeton's newest premier development.
      13396 295th Ave NW, Princeton, MN 55371
      View Details
    • $99,000

      Commercial Land on Rum River Drive

      1.3 acre commercial land with high traffic exposure.
      Tbd N Rum River Drive, Princeton, MN 55371
      View Details
    • $120,000

      Residential Lots in Princeton Development

      Residential lots ranging from 2.5 to 4.02 acres.
      L3 B2 138th St, Princeton, MN 55371
      View Details
    • $52,000

      Residential Land Near Wildlife Park

      2.5-acre residential land parcel near parks and amenities.
      Tbd 127th Avenue, Greenbush Twp, MN 55371
      View Details
    • $250,000

      Land with Riverfront and Tillable Acres

      23.35 acres featuring tillable land and riverfront.
      Xxx 115th Avenue, Greenbush Twp, MN 55371
      View Details
    • $124,900

      Princeton Land Ready For Building

      3-acre lot near Princeton, MN, ideal for custom home.
      8376 75th Street, Princeton, MN 55371
      View Details
    • $85,000

      Residential Land in Princeton, MN

      6.38 acre residential lot ready for your dream home!
      8216 55th Avenue, Princeton, MN 55371
      View Details

    FAQs

    What type of property is this?
    Land - 18.75 acres in Princeton, MN, featuring a pond.
    Where is this land located?
    The property is located at 293rd Ave NW Princeton, MN.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Large 18.75‑acre property offering space and privacy.; Versatile land suitable for building, agriculture, recreation, or investment.; Features a natural pond and mature trees for scenic views and seclusion.
    We can help!
    Listing Contact
    Steven DeGreeff
    Real Estate License ID: 506011596
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!