8308 Highway 21 N Babbitt, MN 55706
Estimated payment $1,295/month
About This Lot
Looking for the perfect site to bring your vision to life? Attention all Entrepreneurs and Developers! This 16.10-acre property along Highway 21 offers unparalleled potential for both commercial and residential development. Whether you’re an entrepreneur seeking a highly visible business location or a developer dreaming of a country living community, this property has you covered. Strategic Location: Positioned along Highway 21 with exceptional drive-by exposure at 1,421 cars a day. Flexible Development Opportunities can be zoned for commercial lots or residential use—adapt to fit your vision. Just 15 minutes away from Ely, offering the perfect balance between convenience and a serene rural setting. 16.10 acres to design, build, and create. Seize this chance to make your mark in a rapidly growing area. The potential is as endless as your imagination.
Property Details
Property Type
- Land
Est. Annual Taxes
- $340
Lot Details
- Lot Dimensions are 796x672
- Zoning described as Business/Commercial,Residential-Single Family
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 625001105014
Map
Home Values in the Area
Average Home Value in this Area
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 | $340 | $42,200 | $42,200 | $0 |
| 2023 | $340 | $33,700 | $33,700 | $0 |
| 2022 | $292 | $30,600 | $30,600 | $0 |
| 2021 | $288 | $28,600 | $28,600 | $0 |
| 2020 | $298 | $28,600 | $28,600 | $0 |
| 2019 | $292 | $28,600 | $28,600 | $0 |
| 2018 | $296 | $28,600 | $28,600 | $0 |
| 2017 | $310 | $28,600 | $28,600 | $0 |
| 2016 | $312 | $28,600 | $28,600 | $0 |
| 2015 | $316 | $28,600 | $28,600 | $0 |
| 2014 | $316 | $28,600 | $28,600 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | For Sale | $240,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,647,400 | Fidelity National Title | |
| Deed | $200,000 | -- | |
| Warranty Deed | $200,000 | Commercial Partners Title | |
| Warranty Deed | $500 | Commercial Partners Title | |
| Warranty Deed | $500 | Commercial Partners Title | |
| Quit Claim Deed | $3,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $250,000 | Construction | |
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $250,000 | Construction |
Source: NorthstarMLS
MLS Number: 6698735
APN: 625001105014
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