Property profile

2508 Adaline Ln Detroit Lakes, MN 56501

OFF-MARKET
Land
0.51 ac lot
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Property summary

AI-generated overview

This exceptional 0.51-acre build-ready lot is situated in the desirable Three Lakes development in Detroit Lakes, Minnesota. Nestled between Long Lake, Munson Lake, and St. Clair Lake, this prime location offers a tranquil setting just minutes from downtown Detroit Lakes, Long Lake Park, and Munson Lake public access. The lot is part of a new residential development featuring paved streets, city water hookups, and sanitary sewer and storm sewer connections—eliminating the expense of a well and septic system. Lot construction was overseen by the City of Detroit Lakes, ensuring high standards. The Three Lakes development is planned to include 70 to 100 homes and will eventually feature a pocket park. This more than half-acre lot provides ample space for a custom home and a three-car garage or shed. The property's APN is 492471566, and its address is 2508 Adaline Lane, Detroit Lakes, MN 56501. The asking price is $43,000. The lot is zoned for single-family residential use. Custom home building services are available for those interested in building their dream home in this picturesque setting.

Property profile

Verified
Property type Land
Lot 0.51 ac (22,216 SF)

Cap rate & NOI

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

Location

2508 Adaline Ln Detroit Lakes, MN 56501
Detroit Lakes 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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