$774,960

1831 8th St SE Pine Island, MN 55963

Estimated payment $4,587/month

Total Views 14,609
32.29 Acres
$24,000 Price per Acre
1,406,552 Sq Ft Lot

About This Lot

This land is located in a prime location, offering various benefits for potential investors!

Firstly, its close proximity to a major highway provides easy accessibility and transportation options for both residents and businesses. Additionally, having the renowned Mayo Clinic nearby adds significant value to the property. The clinic's reputation as a leading medical facility attracts visitors from all over, which can enhance the potential business opportunities or rental prospects for the land.

Furthermore, the property's advantageous position near the Zumbro River offers beautiful views and recreational opportunities. This natural feature adds a touch of tranquility and enhances the overall appeal of the location. Moreover, situated near a golf course provides added recreational amenities for residents or potential tenants. This feature can be an attractive selling point for those interested in a lifestyle that includes leisure activities and socializing.

Overall, considering the strategic location, proximity to major facilities, natural surroundings, and recreational offerings, this property holds great potential for both expansion of existing land holdings and making a profitable investment in land.


Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Associate Broker & Realtor Jen Busch at 507-923-7657 for more information regarding this property.


32.29 +/- Deeded Acres

All tillable

CPI of 70.4

Development potential

Very near to the famous Douglas Trail

Close to Zumbro River

Great location just outside of Pine Island, MN

Very near Highway 52 [The Golden Corridor]

Pine Island Golf Course nearby

Excellent tillable farmland with great rental rates

Minutes from Rochester & Mayo Clinic

Real Estate taxes $4,044

Listing Agent

Brian Haugen

LandProz Listed on: 11/17/2023

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,128

Lot Details

  • Current uses include agriculture
  • Potential uses include agriculture

Property Details

Property Type

Land

Est. Annual Taxes

$6,128

Lot Details

0

Listing Details

  • Office Phone: 507-248-2400
  • Listing Website: https://www.land.com/property/32.29-acres-in-olmsted-county-minnesota/18894023/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: Agriculture
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Lot Info

  • Current Use: Agriculture

Map

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,128 $381,100 $55,000 $326,100
2023 $6,098 $377,500 $55,000 $322,500
2022 $5,864 $357,600 $55,000 $302,600
2021 $5,474 $316,500 $40,000 $276,500
2020 $5,120 $311,000 $40,000 $271,000
2019 $5,000 $288,500 $40,000 $248,500
2018 $4,559 $280,300 $30,000 $250,300
2017 $4,376 $259,900 $30,000 $229,900
2016 $3,648 $234,100 $28,200 $205,900
2015 $3,530 $187,000 $27,300 $159,700
2014 $3,044 $189,000 $27,300 $161,700
2012 -- $199,400 $36,739 $162,661
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2023 11/17/23 For Sale $774,960 -- --

Purchase History

Date Type Sale Price Title Company
Warranty Deed $229,900 Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $183,900 New Conventional
Source: Public Records
Minnesota Olmsted County Pine Island 55963

1831 8th St SE, Pine Island, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Brian Haugen
Listing Agent
Brian Haugen
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LandProz
(507) 248-2400