For Sale: Albertville MLS# 7013263
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Property Description
GREAT INVESTMENT OPPORTUNITY in a PRIME LOCATION offering MULTIPLE DEVELOPMENT OPTIONS.
Potential options include; retain full parcel for investment and future development, split the home from approximately .74 acres to create a commercial lot, or subdivide to create an additional residential lot.
The property is currently a residential parcel featuring a 2, 370 sq ft four-level home situated on 1.09
acres that is currently rented for $3000.00 per month.
Seller currently has an application submitted with the City proposing the following split: the existing
home on approximately .44 acres, and the north half as an approximately .74-acre commercial lot (see
attached City recommendation and concept's).
The proposed .74-acre commercial lot has potential for a 5, 000 sq ft building with approximately 26
parking spaces (see attached documentation). All subdivision and development subject to City approval.
PID #101-118-000010 is included in the sale.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$695,000
Property Type:
Commercial
City:
Albertville
Garage Spaces:
3
County:
Wright
Year Built:
1994
State:
MN
Property Style:
Other
Zip Code:
55301
Subdivision Name:
Prairie Run
Exterior
Garage Spaces:
3
Garage Size:
738 ft2
Foundation Size:
1,698 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Concrete
- Gravel
- Insulated Garage
Lot & Land
Acres:
1.18
Geolocation:
45.225375, -93.66695
Inclusions:
Land, Other
Lot Dimensions:
199 x 284 x 163 x 414
Zoning:
- Business/Commercial
- Lot
- Residential-Single Family
Schools
School District:
2320
District Phone:
7634973180
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,652
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,652
Units
Total Units:
1
Miscellaneous
Current Use:
- Other
- Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
4-Inch Submersible
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of LPT Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.