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    Detroit Lakes, MN Multifamily Properties for Sale

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    Rochert, MN Frazee, MN Richwood, MN
    Detroit Lakes Development Opportunity
    $6,000,000
    47,000 SF
    Detroit Lakes Development Opportunity

    1240 Randolph Road, Detroit Lakes, MN 56501

    Prime 75+ acre site for commercial or multifamily development.
    • Over 80 acres of prime real estate just off Highway 10 in Detroit Lakes.
    • Excellent potential for commercial, multi‑family, mixed‑use, or other development.
    • Located directly off Randolph Rd and Highland Dr, providing amazing accessibility and visibility.
    • City water, sewer, and natural gas are available on site.
    • Includes 10 buildings with approximately 47,000 sq ft of space.
    Updated: Mar 12
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Detroit Lakes, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Fourplex Near Straight Lake
    $449,900
    4.00 Acres
    Well-Maintained Fourplex Near Straight Lake

    Updated fourplex with dedicated utilities near Straight Lake and downtown.

    23941 County Road 123, Osage, MN 56570

    View details
    50 Townhome Units in Moorhead
    Contact for pricing
    251,684 SF
    50 Townhome Units in Moorhead

    50 townhome units near parks, schools, and Highway 94.

    1701 Johnson Dr, Moorhead, MN 56560

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    Well-Maintained Fourplex Near Straight Lake
    $449,900
    3,456 SF
    Well-Maintained Fourplex Near Straight Lake

    Updated fourplex with dedicated utilities near Straight Lake.

    23941 County Road 123, Osage, MN 56570

    View details
    Downtown Moorhead Investment Opportunity
    $7,975,000
    79,632 SF
    Downtown Moorhead Investment Opportunity

    Investment property in Downtown Moorhead with apartment and commercial spaces.

    810 4th Ave S, Moorhead, MN 56560

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Lakes Country
    $109,900
    10.00 Acres
    Residential Land in Lakes Country

    10 acres near lakes with well, septic, and electric.

    Laporte, MN 56461

    View details
    Pine River Twp Waterfront Land
    $499,900
    30.20 Acres
    Pine River Twp Waterfront Land

    30.2 acres with 720 feet of shoreline.

    Backus, MN 56435

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    Alexandria Lakeshore Property with Rental Opportunity
    $798,500
    15.62 Acres
    Alexandria Lakeshore Property with Rental Opportunity

    Lakeshore property with rental cabins and RV sites near Alexandria.

    5950 County Road 8 NW, Alexandria, MN 56308

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    Land for Multi-Family Housing
    $249,900
    2.16 Acres
    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308

    View details

    Off-Market Properties in Detroit Lakes, MN

    Consider similar Off-Market properties in Detroit Lakes, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Detroit Lakes, MN 56501
    MOBILE HOME PARK, TRAILER PARK
    Lot: 21.11 Acres
    Estimated value
    $2,760,000

    Detroit Lakes, MN 56501

    View details
    21804 County Hwy 6th 6
    MOBILE HOME PARK, TRAILER PARK
    Lot: 23.47 Acres
    Value Estimation by Request

    21804 County Hwy 6th 6, Detroit Lakes, MN 56501-7003

    View details
    17965 Howe Lk Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.80 Acres
    Value Estimation by Request

    17965 Howe Lk Rd, Detroit Lakes, MN 56501

    View details

    Detroit Lakes, MN Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Detroit Lakes, MN on our real estate platform. These investment opportunities span a total of 47,000 square feet of properties for sale, with an estimated market value of $6,000,000.

    Sale prices for multifamily properties in Detroit Lakes, MN start at $6,000,000, averaging $6,000,000, and reaching up to $6,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 18K
    Population Growth (5Y) +5.4%
    Median Household Income $68,980
    College Educated 21.1%

    High-Yield Neighborhoods for Investment

    Identify Detroit Lakes submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56501 $6M

    Taxes & Financing

    Tax Rate (average for all types) 1.50%
    Property Tax per SF $34.24 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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