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270th avenue - 132.45 Acres of Development Land 132.45 Acres of Commercial Land Offered at $345,000 in Detroit Lakes, MN 56501
INVESTMENT HIGHLIGHTS
- Flexible development opportunity.
EXECUTIVE SUMMARY
This site is positioned well for rapid transformation and growth of the city. With the city’s planned expansion, this property is poised to be platted for residential development, offering a tremendous opportunity for investors and developers. Detroit Lakes has experienced a surge in housing demand, driven by its vibrant economy, increasing population, and recreational amenities. This parcel, with 1,950 feet of lake shore frontage and a southerly view of the lake, is an ideal location for new homes, twin homes, larger lot properties, and lakefront cabins on Lake Abbey. With the growing need for housing and the city’s continuous expansion trajectory, this land promises a significant opportunity for anyone looking to capitalize on the area’s expansion and development.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $345,000 | Lot Size | 132.45 AC |
| Price Per AC | $2,604.76 |
| Price | $345,000 |
| Price Per AC | $2,604.76 |
| Lot Size | 132.45 AC |
POTENTIAL TO SUBDIVIDE: PURCHASE PRICE: $20,292 per acre ($0.47 SF) PARCEL 1: 58 Acres $1,177,000 PARCEL 2: 33 Acres $670,000 PARCEL 3: 24 Acres $487,000 PARCEL 4: 17 Acres $345,000
DESCRIPTION
This prime parcel of land located on the southern edge of town, less than one mile from the sought after South Shore Drive, will soon be annexed into the City of Detroit Lakes.
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270th avenue - 132.45 Acres of Development Land
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