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    FOR SALE
    Residential land & home lots

    820 Johnson Ave, Cokato, MN 55321

    Property ID
    US46-1069107
    Property summary
    AI-generated overview

    Attention Builders, Developers, and Investors! Check out this opportunity for land to develop or invest in. 62.38 acres with 35 acres already within the City of Cokato; the balance in Cokato Township. Cokato is centrally located to several local cities, as well as economic and employment centers such as St Cloud and the Twin Cities. Utilities are at the street along Johnson Avenue. Zoning is R-1 and Transition Area -- see the "Summary Information" under the "Property Documents" tab for zoning, densities, and development that could be considered. The City is open for discussion on TIF or tax incentives and would consider/review a proposed development that includes townhomes/condos or smaller multi-family with 2-12 units. This is a great opportunity for development in a community that anticipates growth and currently has little land available for development. Contact Terri Jensen, ALC, with your questions.

    Property profile
    Verified
    Property type Residential land & home lots
    UPID US46-1069107
    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
    Owner on record
    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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