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    680 Industrial Dr Elgin, MN 55932

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    For Sale
    Contact for pricing

    Prime 1.16-acre commercial lot in Elgin, MN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.16-acre commercial lot is the last remaining parcel in the desirable Elgin Industrial Park, located at 680 Industrial Drive SE, Elgin, MN 55932. Boasting Commercial Industrial zoning, this property offers unparalleled opportunities for businesses seeking a strategic location in Wabasha County. The lot is serviced by city water and sewer, ensuring seamless infrastructure connectivity. Priced at $1.25 per square foot, this represents a significant value proposition, especially considering the potential availability of business incentives. This is a rare opportunity to secure a prime piece of land in a thriving industrial park. Don't miss out on this chance to establish your business in a well-located and fully-serviced environment. The property's convenient location provides easy access to transportation networks and essential amenities. Act quickly, as this is the only remaining lot. The land is ready for immediate development, making it an ideal choice for businesses seeking a quick and efficient start-up process. This is a truly exceptional opportunity for businesses seeking a strategic location in a growing community.

    Property Features for 680 Industrial Dr

    General Information

    Property type
    Land
    Lot Size
    50,530 SF

    HighLights

    • Commercial/Industrial zoning allows for a wide range of uses.
    • City water and sewer are readily available.
    • Business incentives may be offered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.24859357
    Latitude
    44.1356541

    Nearby Comparable

    • $63,162

      Elgin Business Park Land

      Land for sale in Elgin Business Park with city utilities.
      705 Industrial Dr SE, Elgin, MN 55932
      View Details
    • $5,995,000
      38.40 Acres

      Elgin Mining Land Opportunity

      38.4 acres of mining land with active permits.
      67 Tbd County Rd, Elgin, MN 55932
      View Details
    • $350,000
      4,172 SF

      275 1St St, Plainview, MN 55964

      Commercial real estate • 4,172 SF
      275 1St St, Plainview, MN 55964
      View Details
    • $400,000
      20.19 Acres

      20 Acres Land in Zumbro

      20.19 acres of land with potential building site.
      375Th Ave, Zumbro Falls, MN 55991
      View Details

    FAQs

    What type of property is this?
    Land - Prime 1.16-acre commercial lot in Elgin, MN.
    Where is this land located?
    The property is located at 680 Industrial Dr Elgin, MN.
    What are key features of this property?
    This property features: Commercial/Industrial zoning allows for a wide range of uses.; City water and sewer are readily available.; Business incentives may be offered.
    (507) 781-1002
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    680 Industrial Dr Elgin, MN 55932
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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
    680 Industrial Dr Elgin, MN 55932
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