0 Wanamingo Afton, MN 55001
This exceptional 19-acre commercial land parcel presents a compelling investment opportunity in Wanamingo, Minnesota, situated near the city limits of Afton. Priced at $570,000 ($30,000/acre), this flat, level property offers convenient access via 3rd Ave or Prairie Ridge Lane, ensuring excellent visibility and accessibility. Its expansive size allows for diverse commercial development, including retail spaces, manufacturing facilities, or other businesses requiring ample space. The property boasts natural drainage and is close to existing city amenities and infrastructure, minimizing development hurdles. While currently zoned for potential commercial use, further zoning verification is recommended. The substantial lot size provides ample room for parking and outdoor storage, enhancing its appeal to a wide range of potential businesses. This location offers a unique blend of rural tranquility and convenient access to state highways, making it an attractive option for businesses seeking expansion or a new location. Real estate taxes are to be determined.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.