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    122 State Hwy 11 Leo, MN 56726

    Sponsored
    For Sale
    $158,500

    Prime Commercial Lot, Highway 11 Frontage

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant commercial land parcel, located at 122 State Highway 11 E in Greenbush, Minnesota, presents a unique investment opportunity. The property boasts a substantial 6,098.4 square foot lot and a 1,500 square foot building constructed in 2010. Its strategic location along State Highway 11 ensures high visibility and accessibility. The building itself is ready for immediate occupancy, featuring a convenient drive-through window, a half-bathroom, and a comfortable interior climate controlled by a central air conditioning system and a propane forced air furnace supplemented by hot water underfloor heating. The property is zoned for commercial use and offers endless possibilities for a variety of businesses. The asking price is $158,500. This is a rare opportunity to acquire a well-maintained, ready-to-use commercial property in a desirable location. The property is situated in Roseau County, Minnesota, with the zip code 56726. This location offers excellent access to local amenities and a strong regional economy. Don't miss this chance to establish your business in a thriving community. Serious inquiries only.

    Property Features for 122 State Hwy 11

    General Information

    Property type
    Land
    Square Feet
    1,500 SF

    Building Details

    Year Built
    2010
    Units
    1

    HighLights

    • $158,500 asking price.
    • Vacant 1,500 SF commercial land parcel.
    • Located at 122 State Highway 11 E, Greenbush, MN 56726.
    • 6,098.4 SF lot size.
    • Built in 2010.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Leo
    County
    Roseau
    State
    Minnesota
    Longitude
    -96.2297999
    Latitude
    48.752125

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Highway 11 Frontage
    Where is this land located?
    The property is located at 122 State Hwy 11 Leo, MN.
    What is the asking price?
    The asking price for this property is $158,500.
    What are key features of this property?
    This property features: $158,500 asking price.; Vacant 1,500 SF commercial land parcel.; Located at 122 State Highway 11 E, Greenbush, MN 56726.
    Request Owner's contact information
    122 State Hwy 11 Leo, MN 56726
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    Leo, MN 56726
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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
    122 State Hwy 11 Leo, MN 56726
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