24735 720Th St Hayfield, MN 55940
This exceptional 57-acre property in Hayfield, Minnesota, presents a unique investment opportunity. The offering includes 2,241 square feet of retail space, situated on a sprawling parcel zoned for agriculture and single-family residential use. The land boasts a $357 per square foot land value. Built in 1876, the existing structures include a three-bedroom home featuring a main-floor master suite with walk-in closets and French doors, complemented by a historic log cabin. Extensive outbuildings are present, including finished garages, a dairy barn, poultry house, and a machine shed. The property also features a private pond stocked with fish and ample space currently used for beef cattle and RV slips. The property's rural setting offers both privacy and convenience, with proximity to downtown Rochester. Dual heat sources and central air conditioning are installed. The property's rich history and versatile zoning create significant potential for various commercial and residential uses. A virtual tour is available. APN: 160160700. Asking price: $799,900.
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
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Property description
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