For Sale: Elko New Market MLS# 7137141
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Property Description
Excellent opportunity to own approximately 10 acres in Elko New Market with convenient access to I-35W! This expansive parcel features generally level terrain, wide-open acreage, and mature trees along portions of the property, offering an attractive setting with excellent future development potential. Ideally positioned along County Road 2, the property benefits from existing turn lanes designed to accommodate future roadway access. Currently located outside city limits and under Scott County zoning jurisdiction, the property is guided by the City of Elko New Market’s Comprehensive Plan for a combination of Business/Limited Industrial and Commercial uses. The northern portion is guided for Business/Limited Industrial, with potential uses including office, warehouse, distribution, light manufacturing, and mini-storage facilities, subject to applicable zoning and approvals. The southern portion is guided for Commercial uses, offering additional possibilities for a variety of business developments. Municipal water is available south of County Road 2, with utility extensions and future roadway improvements anticipated as part of development. A 2026 survey is available. With its desirable location, convenient highway access, and versatile future land use designations, this property presents an outstanding opportunity for developers, investors, and businesses looking to establish a presence in a growing area!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,650,000
Property Type:
Lot/Land
City:
Elko New Market
County:
Scott
State:
MN
Property Style:
Lot/Land
Zip Code:
55020
Exterior
Fencing:
None
Road Responsibility:
Public Maintained Road
Road Frontage:
- County Road
- Paved Streets
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
10
Geolocation:
44.5740206174, -93.310511373
Inclusions:
Survey
Lot Dimensions:
175 x 106 x 40 x 100 x 961 x 75 x 261 x 1116
Restrictions:
Open
Zoning:
- Business/Commercial
- Industrial
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
194
District Phone:
9522322000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$964
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$964
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
Paved Streets, Public Road
Available Utilities:
- None Available
- None Connected
Mortgage Calculator
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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 RE/MAX Advantage Plus.
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.