Technical
Financial
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Property profile

28983 320Th Avenue Way Red Wing, MN 55066

OFF-MARKET
Land
Property ID
US46-1389590
50 ac lot
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Property summary

AI-generated overview

This exceptional 50-acre property in Goodhue County, Minnesota, presents a unique opportunity for agricultural and residential pursuits. Located at 28983 320th Ave Way, Red Wing, MN 55066, the land is zoned for both agriculture and single-family residential use. The asking price is $1,879,900, translating to $333 per square foot of land value. The property features a custom-built home (5,650 sq ft, one story, built in 2004) boasting high-end finishes including in-floor heating, stone fireplaces, a Wolf range, porcelain tile, hardwood floors, and custom cabinetry. The home also includes an indoor pool and an impressive pantry. Outbuildings include a well-maintained barn with box stalls and a large (60x120) heated shed with a bathroom and hoist, featuring 4ft on center rafters. Approximately 30 acres of pasture are enclosed by tensile fencing, and a feedlot permit is current. The property enjoys a private setting on a dead-end road, bordering Frontenac State Park, offering exceptional privacy and tranquility. The APN is 320050200. A virtual tour is available. This property offers a rare blend of comfortable living and significant agricultural potential.

Property profile

Verified
Property type Land
Lot 50 ac (2,178,000 SF)
UPID US46-1389590

Cap rate & NOI

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

Location

28983 320Th Avenue Way Red Wing, MN 55066
Red Wing 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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