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    Virginia MN Us Hwy 53 & Cuyuna Dr Virginia, MN 55792

    Sponsored
    For Sale
    $650,000

    Prime MN development land, highway frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14.4-acre development site presents a compelling investment opportunity in Virginia, Minnesota. Strategically located at the intersection of US Highway 53 and Cuyuna Drive, this property boasts extensive highway frontage, ensuring high visibility and accessibility. The site is zoned B-2 Community Business District, offering a wide range of potential development options. With an average daily traffic count of 15,000 vehicles (based on 2017 data), this location guarantees significant exposure for any commercial venture. The property features engineered fill already in place, simplifying the development process and reducing upfront costs. The parcel is identified by APN 090-0180-01376 and is situated in St. Louis County, conveniently positioned midway between Eveleth and Virginia, MN, with a zip code of 55792. This prime location, combined with its size and zoning, makes it an ideal site for a variety of commercial developments. The asking price for this exceptional opportunity is $650,000.

    Property Features for Virginia MN Us Hwy 53 & Cuyuna Dr

    General Information

    Property type
    Land
    Lot Size
    627,264 SF

    HighLights

    • 14.4‑acre development site.
    • B‑2 Community Business District zoning.
    • Existing engineered fill.
    • High traffic count: 15,000 average daily vehicles (2017 data).
    • Extensive US Highway 53 frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Virginia
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.5295453
    Latitude
    47.4936077

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    Nearby Similar for Sale

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      Virginia Storefront: Sporting Goods Business

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    FAQs

    What type of property is this?
    Land - Prime MN development land, highway frontage.
    Where is this land located?
    The property is located at Virginia MN Us Hwy 53 & Cuyuna Dr Virginia, MN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 14.4-acre development site.; B-2 Community Business District zoning.; Existing engineered fill.
    Request Owner's contact information
    Virginia MN Us Hwy 53 & Cuyuna Dr Virginia, MN 55792
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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
    Virginia MN Us Hwy 53 & Cuyuna Dr Virginia, MN 55792
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