Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Available Title is generated by Realmo AI

    Deegan Ct & Park Pl Dr, Monticello, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Approximately 3.14 acres of commercial land for sale.

    Type:LAND
    Lot size:
    1.63 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 8:45 pm

    Property Features for Deegan Ct & Park Pl Dr

    General Information

    Standard status
    Active
    Lot size
    1.63 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Joseph W Elam

    Listing agent Joseph W Elam

    Listing office Commercial Realty Solutions LLC

    Listing date Nov 24, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Commercial Realty Solutions LLC

    HighLights

    • Appx. 3.14 Acres
    • Zoned: B‑4 Business District
    • Great location for hotels, medical or entertainment
    • Sales Price $4-$8.00/psf
    • Located in Wright County
    • Businesses in the Area Include: River City Extreme, Emagine Theater, Taco John’s, Premier Bank, Applebee’s, Culver’s, Walmart, Dollar Tree, Kwik Trip, Aldi’s and much more.

    Overview

    This commercial land, totaling approximately 3.14 acres, is located in Wright County. The property is zoned B-4 Business District, making it suitable for various business ventures. The location is considered favorable for hotels, medical facilities, or entertainment venues. Businesses in the surrounding area include River City Extreme, Emagine Theater, Taco John’s, Premier Bank, Applebee’s, Culver’s, Walmart, Dollar Tree, Kwik Trip, and Aldi’s. The property consists of multiple parcels: PID 155-157-001010 (1.63 acres) with 2025 taxes of $8,368.00; PID 155-151-004010 (0.57 acres) with 2025 taxes of $2,706.00; PID 155-174-001010 (0.92 acres) with 2025 taxes of $6,720.00; PID 155-189-001010 (2.99 acres) with 2025 taxes of $13,004.92 and assessments of $8,857.08; and PID 155-151-003010 (1.78 acres) with 2025 taxes of $6,152.00. The sales price is between $4 and $8 per square foot.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.7941
    Latitude
    45.3055

    Nearby Similar for Lease

    • $25 SF/Yr
      3,614 SF

      Medical Office Space For Rent

      Turn-key medical office space in Monticello, MN, built in 2017.
      3880 Deegan Avenue, Monticello, MN 55362
      View Details
    • $12 SF/Yr
      1,545 SF

      Downtown Monticello Retail Space

      Prime retail space in downtown Monticello with convenient highway access.
      609-621 Locust St, Monticello, MN
      View Details
    • Contact for pricing

      Downtown Monticello Retail/Office Suites

      Retail and office suites for rent in downtown Monticello.
      611 Locust Street, Monticello, MN 55362
      View Details
    • $20 SF/Yr
      525 SF

      Monticello Office Space For Rent

      Office space available for lease in Monticello, Minnesota.
      321 Walnut St, Monticello, MN
      View Details
    • $14 SF/Yr
      3,169 SF

      Highway Frontage Office Space

      Office space for lease with highway frontage and high visibility.
      4134 Deegan Ct, Monticello, MN
      View Details
    • $12 SF/Yr
      1,500 SF

      Monticello Office Space For Rent

      Second-level office space with ample parking and central HVAC.
      113 Locust St, Monticello, MN
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near Highway 25

      Retail space with highway access and visibility.
      9221-9261 Cedar St, Monticello, MN
      View Details
    • Contact for pricing
      29,805 SF

      Regional Power Center Retail Space

      29,805 SF retail space in regional power center.
      1417 E 7th Street, Monticello, MN 55362
      View Details
    • $5 SF/Yr
      8,398 SF

      Monticello Warehouse Space Available

      8,398 SF warehouse for lease with convenient I-94 access.
      406 E 7th St , Monticello, MN
      View Details
    • Contact for pricing
      7,200 SF

      Warehouse with Outdoor Storage

      7,200 SF warehouse with 1-acre outdoor storage for lease.
      1401 Fallon Ave NE, Monticello, MN
      View Details
    • Contact for pricing
      35,000 SF

      Retail Space Near I-94

      Retail spaces available near I-94 and Fenning Ave, Monticello.
      I-94 & Fenning Ave , Monticello, MN
      View Details
    • Contact for pricing
      5,801 SF

      Monticello Build-to-Suit Opportunity

      5,801 SF build-to-suit with drive-thru potential in Monticello.
      9766 Fallon Ave, Monticello, MN
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 3.14 acres of commercial land for sale.
    Where is this land located?
    The property is located at Deegan Ct & Park Pl Dr Monticello, MN.
    What are key features of this property?
    This property features: Appx. 3.14 Acres; Zoned: B‑4 Business District; Great location for hotels, medical or entertainment
    (763) 682-2400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph W Elam
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Deegan Ct & Park Pl Dr, Monticello, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!