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Property profile & analytics
OFF-MARKET
Land

0 Glen Rd Newport, MN 55055

0.86 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.86 ac (37,462 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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