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    4Th St Byron, MN 55920

    Sponsored
    For Sale
    $2,400,000

    22.83 Acres, R-2 Zoned, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22.83-acre parcel presents a remarkable opportunity for residential development in the thriving community of Byron, Minnesota. Situated conveniently between existing single-family and multi-family neighborhoods along 4th St NE and 7th St NE, this property offers unparalleled potential. The land is zoned R-2, allowing for a variety of residential construction options to meet the area's growing housing demand. Utilities are available on-site, although not currently connected, simplifying the development process. The property's expansive size and prime location make it an ideal investment for builders seeking to contribute to Byron's continued expansion. The APN is 753311082840. This Olmsted County land, located at 4th St NE, Byron, MN 55920 (latitude 44.0344523, longitude -92.6193664), is offered at an asking price of $2,400,000. The rapid growth of Byron makes this a highly attractive investment with significant long-term potential. This is a chance to create a thriving residential community in a desirable location.

    Property Features for 0 4Th St

    General Information

    Property type
    Land
    Lot Size
    994,475 SF

    HighLights

    • R‑2 zoning.
    • Excellent location in an established community.
    • Utilities available on‑site.
    • High‑growth community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Byron
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.6193664
    Latitude
    44.0344523

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    FAQs

    What type of property is this?
    Land - 22.83 Acres, R-2 Zoned, Prime Location
    Where is this land located?
    The property is located at 4Th St Byron, MN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: R-2 zoning.; Excellent location in an established community.; Utilities available on-site.
    (507) 951-1977
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    4Th St Byron, MN 55920
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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
    4Th St Byron, MN 55920
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