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    Forbes, MN
    Residential

    Forbes, MN Residential Land & Home Lots for Sale

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    Eveleth, MN Iron, MN Cotton, MN Hibbing, MN Meadowlands, MN Gilbert, MN Mountain Iron, MN Virginia, MN
    Wooded Recreational Land Parcel
    Updated: Jul 2
    Wooded Recreational Land Parcel

    Quaal Road, Forbes, MN 55738

    $54,900
    27.95 AC lot
    27.95‑acre wooded parcel with mature trees
    Sale is subject to a lot split
    Suitable for a variety of uses including building a home, hobby farming, or private recreation (per seller remarks)
    Abundant wildlife noted, with space for outdoor activities
    Additional acreage is available—see MLS #7103458 and MLS #7103418
    View details
    Wooded Residential Land Parcel
    Updated: Jul 2
    Wooded Residential Land Parcel

    Townline Road, Forbes, MN 55738

    $44,900
    16.58 AC lot
    16.58‑acre wooded parcel with mature trees
    Subject to a lot split sale
    Plenty of space for a hobby farm, recreation, trails, or hunting
    Ideal for building a dream home with room for outbuildings
    Additional acreage available—see MLS #7103458 and MLS #7103464
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Forbes, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Heavily Wooded 10-Acre Lot
    Heavily Wooded 10-Acre Lot

    N Moon Lake Dr, Eveleth, MN 55734

    $70,000
    10.00 AC lot

    10-acre wooded lot with southern-facing view on Moon Lake.

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    LAND - Buhl, MN
    LAND - Buhl, MN

    203 Monroe Drive, Buhl, MN 55713

    Contact for pricing
    0.37 AC lot

    Land · 0.37 Acres

    View details
    LAND - Buhl, MN
    LAND - Buhl, MN

    114 Franklin Street, Buhl, MN 55713

    Contact for pricing
    0.46 AC lot

    Land · 0.46 Acres

    View details
    Heavily Wooded 10-Acre Lot
    Heavily Wooded 10-Acre Lot

    N Moon Lake Drive, Eveleth, MN 55734

    $70,000
    10.00 AC lot

    10-acre lot on Moon Lake with southern exposure.

    View details

    Forbes, MN Residential Land & Home Lots Market Trends and Statistics

    Explore 2 residential land & home lots for sale in Forbes, MN on our real estate platform. These investment opportunities span a total of 1,939,727 square feet of properties for sale, with an estimated market value of $99,800.

    Sale prices for home sites in Forbes, MN start at $44,900, averaging $49,900, and reaching up to $54,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Recreation land 5
    Hunting land 4
    Residential land & home lots 3
    Agricultural land / Farmland 1

    Demographics Overview

    Population 584
    Population Growth (5Y) +8.8%
    Median Household Income $80,278
    College Educated 24.6%

    High-Yield Neighborhoods for Investment

    Identify Forbes submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55738 $53.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $8.38 per SF
    Tax Rate vs County Average 0.93 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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