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    FOR SALE
    Commercial land

    680 Industrial Dr SE, Elgin, MN 55932

    2.73 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US46-3001389
    680 Industrial Dr SE, Elgin, MN 55932 For Sale
    Contact for pricing
    680 Industrial Dr SE, Elgin, MN 55932
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    Property summary
    AI-generated overview

    This exceptional 1.16-acre commercial lot is the last remaining parcel in the desirable Elgin Industrial Park, located at 680 Industrial Drive SE, Elgin, MN 55932. Boasting Commercial Industrial zoning, this property offers unparalleled opportunities for businesses seeking a strategic location in Wabasha County. The lot is serviced by city water and sewer, ensuring seamless infrastructure connectivity. Priced at $1.25 per square foot, this represents a significant value proposition, especially considering the potential availability of business incentives. This is a rare opportunity to secure a prime piece of land in a thriving industrial park. Don't miss out on this chance to establish your business in a well-located and fully-serviced environment. The property's convenient location provides easy access to transportation networks and essential amenities. Act quickly, as this is the only remaining lot. The land is ready for immediate development, making it an ideal choice for businesses seeking a quick and efficient start-up process. This is a truly exceptional opportunity for businesses seeking a strategic location in a growing community.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.73 ac (118,919 SF)
    APN R19.00402.00
    UPID US46-3001389
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    J&j Properties LLC · 2 yrs held
    J&j Properties LLC
    since 2023
    Last sale
    $120,000
    3 recorded transactions
    2024
    2023
    $120,000
    2022
    $120,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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