Pine Island, MN 55963,TBD County Rd 5 (208.27Ac)
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Pine Island, MN 55963,TBD County Rd 5 (208.27Ac)
Pine Island, MN 55963,TBD County Rd 5 (208.27Ac)
Pine Island, MN 55963,TBD County Rd 5 (208.27Ac)
Pine Island, MN 55963,TBD County Rd 5 (208.27Ac)

$1,660,000

Est. payment /mo

$1,775,000

6.5%
Est.Price: ?

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TBD County Rd 5 (208.27Ac) Pine Island, MN 55963

208.27 Acres Lot

SOLD DATE : 05/26/2021

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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Listed by Ann Doring-Archer • Edina Realty, Inc.

Michael Finstad

Broker Associate | License ID: #20414120

+1(612) 245-6470

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