Technical
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Property profile

0 Riv Rd. & Rawlings Ave Otsego, MN 55330

OFF-MARKET
Land
81 ac lot
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Property summary

AI-generated overview

This exceptional 81-acre parcel, located at the intersection of NE River Rd. and Rawlings Ave in Otsego, Minnesota (zip code 55330), presents a unique opportunity for residential development. Currently zoned A-1 Agricultural Service Area, the property is poised for future development as Medium and High Density (MHD) Residential, offering significant flexibility for a variety of housing options. The expansive acreage allows for the creation of diverse housing products, including single-family homes, villas, townhomes, and smaller single-family lots, catering to a broad range of buyer preferences. Convenient access to Highway 101 is ensured via nearby 70th St. NE and 53rd St. NE, enhancing the site's appeal and accessibility. Residents will enjoy the proximity to the Mississippi and Crow Rivers, offering access to recreational amenities. Furthermore, the property is situated within the highly regarded Elk River School District #728, a key factor for families considering the area. The developer will provide site entitlements, offering the choice between paper lots or fully developed lots with amenities, streamlining the development process for the buyer. This is a rare opportunity to acquire a large, well-located tract of land with significant potential for a thriving residential community.

Property profile

Verified
Property type Land
Lot 81 ac (3,528,360 SF)

Cap rate & NOI

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

Location

Riv Rd. & Rawlings Ave Otsego, MN 55330
Otsego metro
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Value estimations

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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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