57.96 Acres in Alexandria, MN - $649,900

Located on the shores of beautiful Lake Andrew and within the Alexandria city limits, this prime agricultural and wooded property provides huge investment opportunities! With 690 feet of shoreline and the ALASD sanitary sewer line already in place, this opportunity to plan a development associated with lakeshore amenities is rare. Current zoning for the property is RR-1, single family residential, but multiple uses are outlined in the approved comprehensive plan which, at the time of development, would be adjusted accordingly. The wooded portions of the property are comprised of some of the best maple and basswood forest that I have seen and by the amount of deer tracks and trails, will provide some immediate recreational hunting uses. The tillable acreage on the property totals approximately 39.54 acres that have an average soil CPI rating of just over 90. This, coupled with the presence of an extensive drain tile system, allows for maximum yield production. The tillable acreage is currently rented out and provides immediate income and the current operators would be interested in continuing to rent the ground out. The sellers have stated that they will entertain split option negotiations for this parcel and also that they would be willing to entertain Contract for Deed terms. Additional acreage is available if you have bigger plans. So much more to say about this property so just give me a call and we can discuss the opportunities this property provides further!   

Property Features:

- Great tillable and recreational acreage with HUGE development potential

- Approximately 690 feet of lakeshore

- ALASD sanitary sewer line already on the property

- Comprehensive plan from the city already approved

- High tillable acreage CPI ratings

- Tillable acreage has been tiled and has multiple tile inlets in place

- Contract for Deed terms possible!