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380 Lake Erin Dr - Lake Erin Estate Second Addition 22 Acres of Residential Land Offered at $2,200,000 in Green Isle, MN 55338
INVESTMENT HIGHLIGHTS
- Few lots connected to lake Erin
- other lots have access to lake in 100 feet
EXECUTIVE SUMMARY
Shovel-ready for immediate development
Potential for phased buildout or full-scale project
Family-friendly community with limited housing inventory
High potential for appreciation in a low-competition market. 41 approved residential lots
Zoned Residential. City water & sewer available. TIFF approved . ROI is 40% over the period of 3 years. Close to Twin cities
Potential for phased buildout or full-scale project
Family-friendly community with limited housing inventory
High potential for appreciation in a low-competition market. 41 approved residential lots
Zoned Residential. City water & sewer available. TIFF approved . ROI is 40% over the period of 3 years. Close to Twin cities
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1-41
| Price | $2,200,000 | Lot Size | 22.00 AC |
| Price Per AC | $100,000.00 |
| Price | $2,200,000 |
| Price Per AC | $100,000.00 |
| Lot Size | 22.00 AC |
Lakefront Development – 41 Lots on Lake Erin | Green Isle, MN All lots offer direct lake access, electricity, and road infrastructure. Ideal for builders, developers, or investors. Residential zoned and TIFF approved
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380 Lake Erin Dr - Lake Erin Estate Second Addition
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