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Property profile & analytics
OFF-MARKET
Land

9855 260 St Elko New Market, MN 55020

152 ac lot
Property ID
US46-0693405
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 152 ac (6,621,120 SF)
UPID US46-0693405
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
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CAP Approach CAP
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Comparable Approach Comparable
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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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