Property profile

23 And Hwy Foley, MN 56329

OFF-MARKET
Land
7.7 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 7.7 ac (335,412 SF)

Cap rate & NOI

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

Location

23 And Hwy Foley, MN 56329
Foley metro
Google Maps

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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