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    Wanamingo Afton, MN 55001

    Sponsored
    For Sale
    $570,000

    Prime 19-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19-acre commercial land parcel presents a compelling investment opportunity in Wanamingo, Minnesota, situated near the city limits of Afton. Priced at $570,000 ($30,000/acre), this flat, level property offers convenient access via 3rd Ave or Prairie Ridge Lane, ensuring excellent visibility and accessibility. Its expansive size allows for diverse commercial development, including retail spaces, manufacturing facilities, or other businesses requiring ample space. The property boasts natural drainage and is close to existing city amenities and infrastructure, minimizing development hurdles. While currently zoned for potential commercial use, further zoning verification is recommended. The substantial lot size provides ample room for parking and outdoor storage, enhancing its appeal to a wide range of potential businesses. This location offers a unique blend of rural tranquility and convenient access to state highways, making it an attractive option for businesses seeking expansion or a new location. Real estate taxes are to be determined.

    Property Features for 0 Wanamingo

    General Information

    Property type
    Land
    Lot Size
    827,640 SF

    HighLights

    • 19± deeded acres
    • Great location near State Highway access
    • Flat, level site
    • Convenient to city amenities and infrastructure
    • Potential commercial zoning (buyer to verify)
    • Natural drainage
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Afton
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.8377656
    Latitude
    44.9088612

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    FAQs

    What type of property is this?
    Land - Prime 19-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Wanamingo Afton, MN.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: 19± deeded acres; Great location near State Highway access; Flat, level site
    Request Owner's contact information
    Wanamingo Afton, MN 55001
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    Afton, MN 55001
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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
    Wanamingo Afton, MN 55001
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