Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight