0 Glen Rd Newport, MN 55055
This exceptional 0.86-acre commercial and industrial land parcel is available for purchase at $400,000. Located on Glen Rd in Newport, Minnesota (zip code 55055), this property boasts an MX-1 Mixed-Use zoning designation, offering significant development flexibility. The land value is $10.68 per square foot. The property's APN is 36.028.22.21.0081. Its prime location provides easy access to major transportation arteries, including Highway 61 and I-494, ensuring excellent accessibility for businesses and employees. The site is pad-ready, significantly reducing development time and costs. Preliminary assessments suggest the potential to construct a building of approximately 5,000 square feet. This presents a unique opportunity for developers seeking a strategically located site with high development potential in a thriving Minnesota community. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.