$1,660,000
$1,775,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
TBD County Rd 5 (208.27Ac) Pine Island, MN 55963
208.27 Acres Lot
Key Details
Sold Price $1,660,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5707157
Sold Date 05/26/21
Annual Tax Amount $8,494
Tax Year 2021
Contingent None
Lot Size 208.270 Acres
Acres 208.27
Lot Dimensions 1x1x1x1
Property Description
Beautiful acreage directly east of the new Pine Island Elementary School. The land runs along the new County Rd 5 project to the elementary school. Land has city sewer and water running through the property, abuts the river on the east and north sides, has beautiful woods and new addition of bike trail connecting to Douglas Trail on the property. Land also has areas of fine sand, that may be attractive for mining for road construction companies. This new addition of land is sure to compliment the growth of Pine Island with its convenient access to the new elementary school, Douglas Trail and having a new road that makes this properties access only eight minutes to Rochester. The property could be a prime area of development for the expanding developer. Currently leased out for farming also allows for some income in the meantime. Additional 40-acre parcels available that can be split 5/35 for two homesteads see MLS #s 5672988, 5673004 and 5673010 for details. Call for more information.
Location
State MN
County Olmsted
Zoning Agriculture
Body of Water Zumbro River
Interior
Fireplace No
Exterior
Fence Partial, Wire
Utilities Available Other Connected, Other Available
Waterfront Description Creek/Stream,River Front
View See Remarks, River
Building
Lot Description Additional Land Available, Irregular Lot, Property Adjoins Public Land, Tillable, Tree Coverage - Heavy, Tree Coverage - Light, Tree Coverage - Medium
Schools
School District Pine Island
Others
Restrictions Easements,Horses/Livestock Allowed,Land Leased
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