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    OFF-MARKET
    Land

    2515 Adaline Ln, Detroit Lakes, MN 56501

    0.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 0.6-acre build-ready lot is situated in the Three Lakes development, a scenic residential area nestled between Long Lake, Munson Lake, and St. Clair Lake within Detroit Lakes city limits. The lot features city water, sewer, and storm sewer connections, eliminating the need for a well or septic system. Paved streets with curb and gutter are already in place. Enjoy the convenience of proximity to downtown Detroit Lakes, Long Lake Park, and Munson Lake public access. This new development boasts over half-acre lots, providing ample space for a custom home and potentially a three-car garage or shed. Future amenities planned for the community include a pocket park. The development is projected to include 70 to 100 homes. The lot is zoned for single-family residential use and has an APN of 492471584. The asking price is $43,000.

    Property profile
    Verified
    Property type Land
    Lot 0.6 ac (26,136 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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