2502 Adaline Ln Detroit Lakes, MN 56501
This exceptional 0.66-acre build-ready lot is situated in the desirable Three Lakes development in Detroit Lakes, Minnesota. Located within city limits, this property offers unparalleled convenience and access to a wealth of amenities. Enjoy the scenic beauty of its location nestled between Long Lake, Munson Lake, and St. Clair Lake, all within a short five-minute drive of downtown Detroit Lakes, Long Lake Park, and Munson Lake public access. The lot boasts city water, sewer, and storm sewer connections, eliminating the need for costly well and septic system installations. Paved streets and future community amenities, including a planned pocket park, enhance the appeal of this prime location. The Three Lakes development is designed for approximately 70 to 100 homes, promising a thriving and welcoming neighborhood. This lot is part of a meticulously planned community, with lot construction managed by the City of Detroit Lakes, ensuring high standards and quality infrastructure. The generous lot size provides ample space for a custom-designed home and a three-car garage or shed. The property's APN is 492471564, and it's zoned for single-family residential use. The asking price for this exceptional opportunity is $43,000.
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
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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.