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23 Spruce St Mora, MN 55051

OFF-MARKET Commercial real estate Google Maps
Built 2024
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Discover a unique opportunity to develop approximately 15 acres of prime lakeside land in Mora, Minnesota. This exceptional property offers multiple parcels, presenting a rare chance to create a thriving project in a vibrant small town. Mora boasts a high quality of life, featuring a modern hospital, a local movie theater showing new releases, outdoor recreational facilities including hockey rinks, ski trails, skate parks, and a community pool. The town also offers a convenient K-12 school campus with a recently added state-of-the-art high school building. Families will appreciate the numerous parks and playgrounds, while nature enthusiasts can enjoy scenic biking and walking trails, and access to stunning lakes and rivers. The Mora fairgrounds host events throughout the year, adding to the town's lively atmosphere. This property presents an unparalleled chance to build in a community that seamlessly blends small-town charm with big-city amenities. This is a premiere location in Mora, available for development for the first time in decades. Bring your vision to life in this thriving and desirable community.

Property profile

Verified
Property type Commercial real estate
Year built 2024

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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