9855 260 St Elko New Market, MN 55020
This exceptional 152-acre property presents a unique investment opportunity in the thriving Elko New Market area of Scott County, Minnesota. Located at 9855 260th St E, 55020, this expansive parcel is zoned for Residential/Multi-Family/Single Family use, offering diverse development possibilities. The land boasts convenient access, situated just one mile west of Highway 35W, ensuring excellent connectivity. All necessary utilities are readily available on-site, including sewer and water, simplifying the development process. The property's location within the Lakeville school district is an added advantage, attracting families and enhancing its appeal. The zoning allows for a mix of commercial and residential development, catering to a variety of needs and maximizing potential returns. With its substantial size and strategic location in a rapidly growing area, this property is ideally suited for large-scale residential projects, potentially including high, medium, and low-density housing options, along with commercial components. The APN is 239270160. The asking price for this remarkable development opportunity is $4,300,000.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.