Residential Buildable Lots & Development Auction | Freeborn County, MN | Development - Investment - Residential | 12.66+/- Acres | #2738

   Add to Calendar 2025-01-08 15:00:00.000 2025-01-08 15:00:00.000 America/Chicago Land Proz Auction Development Sites, Albert Lea, MN - 7 Tracts in Chapeau Shores - 1 Tract in Old Stables - Development - Buildable Lots - Investment - West Side of Albert Lea, MN Development Sites, Albert Lea, MN - 7 Tracts in Chapeau Shores - 1 Tract in Old Stables - Development - Buildable Lots - Investment - West Side of Albert Lea, MN JJ Wise jjwise@landproz.com
Whole Farm Format Auction
Online Only Auction
Type:
Online Only Auction
Format:
Whole Farm Format Auction
Acres:
12.66 ±
County:
Freeborn County
State:
MN
AuctionCast:
Wednesday, January 8, 2025 3:00 pm CST

12.66 Acres
Freeborn County, MN

 

OWNER

Milron Development LLC & Stables Development Co. LLP

 

AUCTION LOCATION

Online at LandProz.com 

 

PROPERTY DESCRIPTION

Landproz is excited to present an exclusive online auction, featuring 8 prime tracts of land, each offering unique opportunities for buyers. Tracts 1 through 7 are spacious residential lots, ranging from 0.4 +/- to 0.8 +/- acres, nestled in a picturesque setting on the west side of Albert Lea, MN.

These parcels are ideal for those looking to construct their dream homes, surrounded by serene landscapes and close-knit community vibes. Each lot boasts ample space for creative landscaping and outdoor living, making them perfect for families or individuals seeking tranquility and beauty.

Tract 8 stands out with its agricultural zoning, presenting many income potentials. This versatile land could be transformed into a new development, offering a blank canvas for innovative projects that can enhance the area’s growth.

Whether you’re looking to build a home or invest in future developments, this auction promises a variety of options tailored to your vision.

Please contact LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information regarding this auction. 

 

TRACT 1

• 0.66 +/- Deeded Acres

• Address: 502 Milrose Circle, Albert Lea, MN

• Lot Size: 186' x 152' x 252' x 147'

• Zoned Residential Single Family

• 100' Powerline Easement

• Real Estate taxes $574

 

TRACT 2

• 0.41 +/- Deeded Acres

• Address: 508 Milrose Circle, Albert Lea, MN

• Lot Size: 95' x 176' x 134' x 152' 

• Zoned Residential Single Family

• 100' Powerline Easement

• Real Estate taxes $454

 

TRACT 3

• 0.73 +/- Deeded Acres

• Address: 521 Milrose Circle, Albert Lea, MN

• Lot Size: 242' x 173' x 325' x 73'

• Zoned Residential Single Family

• 100' Powerline Easement

• Real Estate taxes $536

 

TRACT 4

• 0.80 +/- Deeded Acres

• Address: 527 Milrose Circle, Albert Lea, MN

• Lot Size: 322' x 104' x 275' x 95'

• Zoned Residential Single Family

• 100' Powerline Easement

• Real Estate taxes $574

 

TRACT 5

• 0.82 +/- Deeded Acres

• Address: 533 Milrose Circle, Albert Lea, MN

• Lot Size: 275' x 73' x 243' x 152'

• Zoned Residential Single Family

• 100' Powerline Easement

• Real Estate taxes $594

 

TRACT 6

• 0.51 +/- Deeded Acres

• Address: 537 Meadow Lane, Albert Lea, MN

• Lot Size: 117' x 160' x 170' x 150'

• Zoned Residential Single Family

• Real Estate taxes $562

 

TRACT 7

• 0.91 +/- Deeded Acres

• Address: TBD Meadow Lane, Albert Lea, MN

• Lot Size: 127' x 263' x 175' x 295'

• Zoned Residential Single Family

• Real Estate taxes $654

 

TRACT 8

• 7.82 +/- Deeded Acres

• Address: Corner of W Richway Drive & Itasca Road, Albert Lea, MN

• Lot Size: 615' x 540'

• Zoned Agricultural & Part Residential Single Family

• Real Estate taxes $654

 

TERMS

$5,000 down [non-refundable] of earnest money down, on each tract, the day of the auction. Balance is due at closing, on or before February 10, 2025. There will be a 5% Buyer's Premium added to the final purchase price, on each tract. Only approved bidders will be registered to bid. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Tracts 1-5 Have a 100' Powerline Easement. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee it's accuracy.

 

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We are proud to partner with
Landproz Real Estate LLC

LandProz Real Estate, LLC | LandProz of Indiana, LLC

111 East Clark Street, Albert Lea, MN 56007 • 507-373-5660

Broker Brian Haugen – MN, SD, IA, WI, IL, KS, MO • Broker Auctioneer Greg Jensen – MN, IA – 24-21

Broker Tim Young – OH • Broker Andrew Fansler – IN

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