Freeborn, MN 56032
This exceptional 12.66-acre property presents a unique investment opportunity in Freeborn County, Minnesota. Located at 502 Milrose Circle, Albert Lea, MN 56032, this land offers diverse development potential. While the primary zoning is agricultural, the property's size and location near Albert Lea suggest various possibilities. The parcel itself measures approximately 186' x 152' x 252' x 147', providing ample space for a range of projects. A significant aspect to consider is the existing 100' powerline easement. The property is currently owned by Milron Development LLC & Stables Development Co. LLP. While a portion of the marketing materials references smaller residential lots in the area, this specific listing focuses on the larger 12.66-acre tract. The annual property taxes are $574. This versatile land offers a blank canvas for developers seeking agricultural or commercial ventures in a desirable Minnesota location. The property's proximity to Albert Lea provides access to essential amenities and infrastructure, enhancing its overall appeal. Serious inquiries are encouraged to explore the full potential of this significant land holding. Further due diligence is recommended to confirm all zoning regulations and development possibilities.
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
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.