Property profile

2505 Adaline Ln Detroit Lakes, MN 56501

OFF-MARKET
Land
0.62 ac lot
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Property summary

AI-generated overview

This exceptional 0.62-acre residential lot is situated in the desirable Three Lakes development in Detroit Lakes, Minnesota. Located within city limits at 2505 Adaline Ln, 56501, this property boasts a prime location nestled between Long Lake, Munson Lake, and St. Clair Lake, offering stunning scenic views and convenient access to downtown Detroit Lakes (just 5 minutes away!), Long Lake Park, and Munson Lake public access. The lot is part of a new residential development featuring paved curb and gutter streets, city water hookups, and sanitary sewer and storm sewer connections—eliminating the need for costly well and septic system installations. Lot construction was overseen by the City of Detroit Lakes, ensuring high quality and adherence to standards. Future development plans include a pocket park, adding to the community's appeal. With over half an acre of space, this lot provides ample room for a custom home and a three-car garage or shed. The APN is 492471580. The asking price is $43,000. This is a truly unique opportunity to build your dream home in a picturesque setting within a thriving community projected to grow to 70-100 homes. Don't miss out!

Property profile

Verified
Property type Land
Lot 0.62 ac (27,007 SF)

Cap rate & NOI

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

Location

2505 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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