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    20th Ave Benson, MN 56215

    Sponsored
    For Sale
    $467,548

    Prime Development Land in Benson, MN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.97-acre commercial land parcel, located at 0 20th Ave NE/Co 57 in Benson, Minnesota, presents a unique investment opportunity. Priced at $467,548, this property offers considerable flexibility for developers. The site's zoning allows for various development options, providing adaptability to suit diverse project needs. A significant advantage is the potential for annexation into the City of Benson, granting access to city utilities. This access would support a range of developments, including residential housing and potentially light industrial projects. Benson, known as the "City of Parks," is the county seat of Swift County and boasts several major employers. The asking price includes a substantial $55,000 allowance from the seller, specifically designated for the installation of crucial infrastructure elements: tile, pump, and berm. This allowance significantly reduces upfront development costs, making this property even more attractive for investors seeking a strong return. The property's strategic location and development potential make it an ideal investment in a thriving Minnesota community. The zip code is 56215.

    Property Features for 20th Ave

    General Information

    Property type
    Land

    HighLights

    • $467,548 asking price for commercial land.
    • Located at 0 20th Ave NE, Benson, MN 56215.
    • Zoning options available; annexation into Benson allows city utility hookups.
    • Suitable for housing and light industrial development.
    • Seller offers a $55,000 allowance for tile, pump, and berm installation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Benson
    County
    27151
    State
    Minnesota
    Longitude
    -95.5830478
    Latitude
    45.3174976

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    FAQs

    What type of property is this?
    Land - Prime Development Land in Benson, MN
    Where is this land located?
    The property is located at 20th Ave Benson, MN.
    What is the asking price?
    The asking price for this property is $467,548.
    What are key features of this property?
    This property features: $467,548 asking price for commercial land.; Located at 0 20th Ave NE, Benson, MN 56215.; Zoning options available; annexation into Benson allows city utility hookups.
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    20th Ave Benson, MN 56215
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    Realmo Value Estimation

    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.

    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.

    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
    20th Ave Benson, MN 56215
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