For Sale: Elko New Market MLS# 7006942
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Property Description
Bring your ideas, bring your vision, and bring your offers! This rare .40-acre commercial parcel—made up of three combined lots—offers an exciting opportunity to get into one of Elko's growing business areas before values climb even higher.
With easy access to Highway 2 and Interstate 35, this property is well-positioned for a variety of business and development possibilities. Whether you're looking to build a storefront, office, service business, contractor shop, mixed-use building, or income-producing commercial space, the possibilities are worth exploring. Commercial land at this price point is becoming increasingly difficult to find, making this an attractive opportunity for business owners, investors, and developers alike. In fact, the property is priced below the cost of many comparable commercial lots, creating the potential for immediate equity as development continues throughout the area. Own your location instead of leasing, create future rental income, develop multiple units, or bring a concept that fills a need in this growing community. The seller is open to reviewing all offers and welcomes creative ideas. Opportunities like this don't come along often. Take a look, run the numbers, and see what you can create here. See supplements for permitted uses.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$96,000
Property Type:
Lot/Land
City:
Elko New Market
County:
Scott
State:
MN
Property Style:
Lot/Land
Zip Code:
55020
Subdivision Name:
Elko-Merged W/Nmc
Exterior
Road Responsibility:
Public Maintained Road
Road Frontage:
City Street
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.4
Geolocation:
44.564304, -93.326435
Inclusions:
Platted
Lot Dimensions:
120 x 138
Restrictions:
Open
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
194
District Phone:
9522322000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,854
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,854
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
Paved Streets
Available Utilities:
- Cable Available
- Electricity Available
- Natural Gas Available
- None Connected
- Sewer Available
- Water Available
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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 Coldwell Banker Realty.
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.