0 Tbd Quaday Ave Otsego, MN 55330
This exceptional 3.02-acre commercial land parcel presents a unique investment opportunity in the rapidly developing city of Otsego, Minnesota. Located near the intersection of TBD Quaday Avenue and with convenient access to Highway 101, this property enjoys a strategic position surrounded by established amenities including banking institutions, shopping centers, grocery stores, and high-density residential areas. Currently zoned as "church" and under tax-exempt status, the property is poised for future development. The city's zoning plan anticipates a future designation of "Business Commercial," opening doors to a wide range of commercial ventures. The city has previously indicated a willingness to consider certain types of high-density residential development. While outdoor storage is not permitted on this specific parcel, its prime location and growth potential make it an attractive investment. Note that additional land (Parcel A) is also available. The asking price for this exceptional 3.02-acre parcel is $274,900. This property is situated in Wright County, Minnesota, with a zip code of 55330. The coordinates are 45.27920667014807 latitude and -93.56216383069638 longitude.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.