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Property profile & analytics
OFF-MARKET
Commercial real estate

24735 720Th St Hayfield, MN 55940

2,241 SF 57 ac lot Built 1876
Property ID
US46-2702890
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1876
Total area 2,241 SF
Lot 57 ac (2,482,920 SF)
APN 160160700
UPID US46-2702890
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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