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    Tbd Elm Ave Waverly, MN 55390

    • Land
    • 0.98 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Elm Ave

    Lot size
    0.98 lot acres
    Property type
    Land

    Description

    This exceptional 0.98-acre lot presents a rare multi-family development opportunity in the highly sought-after town of Waverly, Minnesota. Located in Wright County, this property boasts a desirable RES 1-3 zoning designation, allowing for the construction of a 12-24 unit residential development (plans are proposed, but not guaranteed). Situated on a paved road with convenient access from both Elm Avenue and Lakeview Drive, the property offers excellent visibility and accessibility. The nearly one-acre lot is beautifully landscaped with mature trees and enjoys a tranquil setting across from Lake Waverly. Its level topography simplifies construction and site preparation, minimizing potential development challenges. The property's address is TBD Elm Ave, Waverly, MN 55390. This is a unique chance to capitalize on the strong demand for housing in this thriving community. The asking price for this exceptional development opportunity is $129,000. Don't miss this chance to acquire a prime piece of land in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Wright
    State
    Minnesota
    Longitude
    -93.9699
    Latitude
    45.067

    Comparable in this City

    • Value Estimation by Request
      25,456 SF

      127 6th S St

      LIGHT INDUSTRIAL • 25,456 SF
      127 6th S St, Waverly, MN 55390-4300
      View Details
    • Value Estimation
      $145,000
      1,100 SF

      407 Elm Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      407 Elm Ave, Waverly, MN 55390
      View Details
    • Value Estimation by Request
      1,440 SF

      322 Pacific Ave

      INDUSTRIAL (GENERAL) • 1,440 SF
      322 Pacific Ave, Waverly, MN 55390
      View Details
    • Value Estimation by Request
      1,500 SF

      115 Pacific Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      115 Pacific Ave, Waverly, MN 55390-5558
      View Details
    • Value Estimation
      $290,000
      4,800 SF

      241 Atlantic Ave

      INDUSTRIAL (GENERAL) • 4,800 SF
      241 Atlantic Ave, Waverly, MN 55390-7512
      View Details
    • Value Estimation
      $500,000
      3,218 SF

      702 Pacific Ave

      BAR, TAVERN • 3,218 SF
      702 Pacific Ave, Waverly, MN 55390
      View Details

    Similar Nearby for Sale

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      Twp-118 Range-026, Waverly, MN 55390
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    • $1,500,000
      18,600 SF

      Waverly Warehouse with Drive-In Doors

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      Waverly Warehouse with 14' Door

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      128 6Th St S, Waverly, MN 55390
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    Tbd Elm Ave
    Waverly, MN 55390
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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