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    23787 Hwy Nisswa, MN 56468

    • Land
    • 133.60 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 23787 Hwy

    Lot size
    133.60 lot acres
    Property type
    Land

    Description

    This exceptional 133.6-acre commercial land parcel presents a rare development opportunity in Nisswa, Minnesota. Strategically located near the Sportland Corners intersection on Highway 371, this property boasts approximately 3,966 feet of highway frontage, ensuring high visibility and significant traffic exposure. The property is zoned for both Highway Business (HB) and Urban Residential (UR), allowing for a diverse range of mixed-use development possibilities. Access points are available from County Road 77, Highway 371, and Polks Road, providing convenient access to the entire site. Additional frontage includes approximately 1,018 feet along Polks Road and 81 feet where Hazelwood Drive South currently ends. While Nisswa lacks a municipal water supply, wells can be installed, and municipal wastewater is available on the east side of Highway 371, with the potential for extension to the property. Alternatively, septic systems are permissible subject to City of Nisswa approval. The property's APN numbers are 28230540, 28230538, 28230533, 28230532, 28230535, 28230531, and 28230517. This expansive tract offers unparalleled potential for developers seeking a prominent location in a thriving community. The asking price is $4,900,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nisswa
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.3008
    Latitude
    46.4969

    Comparable in this City

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      VACANT COMMERCIAL LAND • 0.01 Acres
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      0.18 Acres

      Nisswa, MN 56468

      VACANT COMMERCIAL LAND • 0.18 Acres
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    23787 Hwy
    Nisswa, MN 56468
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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
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