43914 County Highway 6, Clitherall, MN 56524

Listing Agency: Lakes Family Real Estate/Otter Tail Real Estate Show Phone

Listed By: Todd Eklund Show Phone

Source: Exprealty

Added: Jul 6 Changed: Nov 6 Last Checked: Nov 12 at 9:23AM

Report an Issue

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 Lakes Family Real Estate/Otter Tail Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 30-acre parcel includes a 36-by-54 spray-foamed, heated, insulated drive-through shop designed to function as both work and storage space. Power has been brought into the property and to the shop. The property also includes a 50-by-100 partially completed pad intended for a future building site.

The parcel is located north of Inspiration Peak on County Road 6 and features mature trees and views. The setting is described as supporting wildlife.

For prospective owners, the combination of a heated drive-through shop, installed utilities, and an unfinished building pad provides a ready base for additional development while retaining a substantial land component.

Key Highlights

• 30‑acre parcel on County Road 6 north of Inspiration Peak with mature trees and views.
• 36x54 spray‑foamed, heated, insulated drive‑through shop with power brought to the property and into the shop.
• Partially completed 50x100 building pad ready for a new home site.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,230

Cap Rate

4.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$304,600 $304.6K

Cap Rate 7%

$217,571 $217.6K

Cap Rate 9%

$169,222 $169.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,944 SF

Gross rent

$25.2K $12.96/SF

− Vacancy

−$1.8K −$0.91/SF

EGI

$23.4K $12.05/SF

− OpEx

−$8.2K −$4.22/SF

NOI

$15.2K $7.83/SF

Area

Otter Tail County, MN

Vacancy

7.00%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$304,600

Cap Rate 7%

$217,571

Cap Rate 9%

$169,222

Alternative Uses

Best Use

Flex RnD

$217.6K

$190.4K – $253.8K (±1% cap)

NOI $15,230 @ 7.0% cap · market cap 4.01%

Second Best

Industrial

$214.5K

$187.7K – $250.3K (±1% cap)

NOI $15,016 @ 7.0% cap · market cap 3.95%

Theoretical Best

Office A

$422.3K

$369.5K – $492.7K (±1% cap)

NOI $29,561 @ 7.0% cap · market cap 7.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Residential land & home ...

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 56524, MN

681

Population

758

Households

0.9

Avg Household Size

58

Median Age

37%

College-Educated

96%

High-School Grad

44.6 sq mi

ZIP Area

15

Density / Sq Mi

$74,688

Median Household Income

$42,115

Median Earnings

$1,021

Median Rent

$285,300

Median Home Value

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?

Residential land & home lot - A 30-acre parcel includes a heated, insulated 36-by-54 drive-through shop and a partially completed 50-by-100 building pad.

Where is this residential land & home lot located?

The property is located at 43914 County Highway 6 Clitherall, MN.

What is the asking price?

The asking price for this property is $379,900.

What are key features of this property?

This property features: 30‑acre parcel on County Road 6 north of Inspiration Peak with mature trees and views.; 36x54 spray‑foamed, heated, insulated drive‑through shop with power brought to the property and into the shop.; Partially completed 50x100 building pad ready for a new home site.