TITLE:
State Highway 108, Pelican Rapids, MN
CONTROL:
Exclusive
VALUE:
$515,750
LOAN:
$0
EQUITY:
$515,750
TYPE:
Land
HAVE:
74.76 acres able to subdivide zoned agriculture, guided for residential & commercial. Blank slate development opportunity. Residential, commercial, or Mixed-use potential, large contiguous, flexible site planning, strong city support, Appr $0.16 p/sq.ft
WEBSITE URL:
ADDRESS:
State Highway 108, Pelican Rapids, Minnesota
BENEFITS TO NEW OWNER:
Large contiguous development, clean slate, strong city support, open to negotiations, flexible on the vision, close to Fargo, ND, tourism and self-sustaining community.
OTHER FILES:
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$0
CASH FLOW:
$0
CAP RATE:
0.00%
BENEFITS SOUGHT:
City would like to sell but this is negotiable as long as well seasoned and reputable developer with the resources and know how is backing project.
CAN ADD:
City is supportive and may be willing to negotiate a good land price. Other incentives may be available depending on the type of use, # of jobs created, etc.
REMARKS:
This are is only 48 minutes from Fargo, ND. and has many lakes and recreational opportunities. Housing is a need in this community. Strong Somali population supports the local Jenni O' Turkey manufacturing plant.
COUNSELOR:
Brian Beeman
BizFund10X
12600 Whitewater Drive, Suite 100
Minnetonka, Minnesota, 55343
