0 35Th Ave Becker, MN 55308
This exceptional 8.1-acre parcel in Becker, Minnesota (APN 60-471-0030), is fully entitled for the development of 38 single-family residential lots, ranging from 45 to 55 feet wide. Zoned R-1 (Single Family Residential), this site boasts a convenient location near US-10, providing easy access to retail amenities, parks, and schools. The property is less than a mile from Highway 10, ensuring excellent commuting options. All necessary infrastructure—water, sewer, and stormwater—is readily available on-site, eliminating the need for costly off-site infrastructure development. A pre-existing stormwater retention basin will be utilized, aligning with prior approvals. Extensive due diligence has already been completed, including soil borings and a tree survey. The city of Becker has approved the removal of most trees, requiring only one tree per lot, and supports a $25,000 payment in lieu of a playground (a previous Planned Unit Development requirement). Sherburne County supports an upgraded fire access to the county road, eliminating the need for a secondary access (another prior PUD requirement). No wetlands are present on the site. The estimated cost to complete development is $37,000 per lot, with many fees already paid. The property is served by Independent School District 726, which includes four schools with a combined enrollment of 2,697 students. Development can commence in 2024. This is a remarkable opportunity for residential development in a thriving community. The asking price is $850,000.
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.