Prime Acreage for Development

7837 260th Street E Presented by Elko New Market Realtor Sheryl Petrashek

Prime Acreage for Residential Development!

Learn more about this Wonderful Opportunity for Easy Development from Elko New Market Real Estate Expert, Sheryl Petrashek, RE/MAX Results

Prime Acreage for Easy Development!

Wonderful Opportunity in this 10 Acre Parcel of Land which Backs to Beautiful Pond. Gently Rolling Land with Tree Line along Western Edge.

This Property offers the Benefits of Proximity to adjacent Utilities, Proximity to an Access Road, Gently Rolling Land with no Interior Trees or Obstacles, Close to Town and Adjacent to Developed Homes.

Quick Access to I35, ISD#721, Desirable Location for Homes or other Potential Uses.

List Price $499,000

Beautiful, slightly rolling land offers nice view of sparkling pond, some tree-line along the borders and open grassy land throughout the interior. Land is well suited for one easy layout with central street and enough space for homes along each side.  Access to tie into existing residential street with all utilities prepped at the border of the property.

Land is currently just outside the city limits and the process of annexation into the city of Elko New Market has been started.  Potential for approximately 20 homesites, or even more attached twinhomes or townhome styles.

Great Commute routes including 5 miles from I35,  7 miles from Highway 13, 26 miles from highway 169.  Property is located approximately 10 miles South of the 35W and 35E split, providing easy drive time of 30 minutes to either downtown area.

Would you like to get an idea of what your Home is Worth? Need a Property Evaluation? I’d be delighted to help! I will personally review the data about your home and neighborhood, consider the comparison sold properties, and take into account any special features of your home.

Elko New Market is a prosperous community, with a median household income topping $90,000, more than 38% higher than the 13-county metro area at $65,181, according to the US Census Bureau, American Community Survey (2006-2010 ACS).

Elko New Market ranks in the top 5 percent of Minnesota cities for total population increase and first in the rate of 10-year population growth (2010 census).  Population in 2010 was 4,110 with an estimated 2016 population at 4,625.

The City encourages economic development to provide jobs, increase tax base, and offer convenient goods and services for its residents.

Located in the highly regarded New Prague Area School District 721, the neighborhood schools are Eagle View Elementary School located just 1/4 mile from the land, New Prague Middle School, and New Prague High School.

The City of Elko New Market website offers a lot of great information including, “Over the last decade, the City of Elko New Market has been the fastest growing city in Minnesota. Located on Interstate 35 in the southern Twin Cities Metropolitan Area, the City’s small-town feel combined with its convenient location to many metro area amenities, attractions, recreational opportunities, shopping centers, and entertainment venues, makes Elko New Market an attractive place to live, visit, and do business.”

Elko Marketplace, adjacent to Elko Speedway, offers easy access from Scott County Road 2 (260th Street) and France Avenue. This development is currently home to the Elko New Market Post Office, and ultimately will include new locations for New Market Bank and FamilyHealth Clinic (Northfield Hospital).

A new commercial development, including a strip mall, is being constructed just north of Cty Rd 2 near the Firehouse Grille Restaurant.

Learn what it is like to work with Sheryl

Read reviews from our clients as they talk about their experiences working with Sheryl

  • 10 Acre Parcel
  • Prime Location for Residential Development
  • Slightly Rolling Land
  • Adjacent Pond Views
  • Potential for approximately 20 Homesites
  • Utilities Adjacent
  • Gently Rolling
  • Western Tree Line
  • Quick access to I35
  • Easy access to Hwys 13 & 169

About this home

Learn more about the area on the Elko New Market website:

“The City of Elko New Market is proud to host the Elko Speedway entertainment facility, Boulder Pointe Golf Course, and a variety of local stores and eating/drinking establishments.  The City is located only minutes from Cleary Lake Regional Park, Canterbury Park, Valleyfair, Mystic Lake, Legends Golf Course, and Willingers Golf Course.”

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