Technical
Financial
Distress signals
Property profile

Freeborn, MN 56032

OFF-MARKET
Land
12.66 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 12.66 ac (551,470 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Freeborn, MN 56032
Freeborn metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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