2X 260th St E / County Rd 2

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2X 260th St E / County Rd 2

Elko New Market, MN 55020
Asking Price
$3.51M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel located in Elko New Market Minnesota
  • Strategically situated at 260th Street East and County Road 2
  • Priced at 3510000 dollars for the full development site
  • The property encompasses a flexible commercial land asset type
  • Positioned for development within the growing south metro market

What's Special

Elko New Market serves as a growing suburban corridor within the Minneapolis-Saint Paul metropolitan area, benefiting from steady regional expansion and accessible regional transit routes. This commercial land parcel, situated at the intersection of 260th Street East and County Road 2, presents a strategic holding for developers or investors looking to establish a presence in this developing trade area. The expansive acreage provides a blank canvas suitable for a variety of commercial site plans, ranging from retail developments to service-oriented business complexes. Given its position near key arterial roads, the site is positioned to accommodate high-visibility projects that serve both the immediate local population and commuters passing through the south metro region. Potential users will find this acreage conducive to ground-up construction projects that require significant footprint flexibility in a market seeing consistent demand for new commercial space. The property offers a clear path forward for those looking to capitalize on land development opportunities in a stable Minnesota submarket.

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NOI
$80,000
Cap Rate
2.28%
DSCR
0.38
Underwater
Cash-on-Cash
-12.19%
Monthly Payment
$17,365.565
Annual Cash Flow
$-128,386.779

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