Property summary
This exceptional 7.7-acre commercial land parcel in Foley, Minnesota, presents a unique investment opportunity. Located at the intersection of Highway 23 and Highway 25, this property boasts unparalleled visibility and easy access, making it ideal for a variety of businesses. The asking price is $495,000, translating to $1.48 per square foot. The land is already roughly graded, simplifying development. Utilities are readily available, including city water and sewer services provided by the City of Foley, and Xcel Energy for electricity and gas. The property's strategic location offers significant advantages, with close proximity to established businesses such as McDonald's, Coborn's grocery store, Murphy Chevrolet, Super America, and Kent Precision Foods. The parcel's size and location make it particularly well-suited for an automotive dealership or related businesses, but its versatility allows for a wide range of development possibilities. The property's APN is R 02.00367.00, and it is zoned for commercial use. Furthermore, this parcel is divisible, offering flexibility for potential buyers. This prime location in Benton County, Minnesota, zip code 56329, presents a rare chance to acquire a highly visible and accessible commercial property with significant development potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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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
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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.
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