91 Hwy 2 & County Rd Elko New Market, MN 55020
This exceptional 10-acre property, located at the intersection of Highway 2 and County Road 91 in Elko New Market, Minnesota (zip code 55020), presents a unique investment opportunity. Zoned R-4 (High Density Residential), this land offers significant development potential. The site boasts approximately 4.65 acres of buildable area, providing ample space for a variety of commercial and/or residential projects. Convenient access is a key feature, with right-in/right-out access on both Highway 2 and County Road 91, and a potential left-in access on County Road 91. Its prime corner location in the heart of Elko New Market, near the Elko Speedway, ensures high visibility and accessibility. The asking price is $750,000. A survey and wetland delineation are currently being commissioned. The APN is 239270062. This property is ideal for developers seeking a strategically located site with excellent access and buildable acreage. Don't miss this chance to acquire a substantial parcel of land in a thriving Minnesota community.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.