Exceptional opportunity to own one of the most affordable commercial sites in one of the Twin Cities' fastest-growing corridors. Priced well below the current tax value, this approximately 2-acre site offers outstanding value and investment potential. Position your business along busy Highway 101 with exposure to over 30,000 vehicles per day and the opportunity for a prominent monument sign. Major new apartment communities, two grocery stores, restaurants, retail, medical services, and other commercial developments are all within blocks, with growth continuing throughout the area. High and dry, this site is ideal for retail, restaurant, office, medical, service, and many other commercial uses (subject to approvals). Build now, hold for the future, or secure a high-visibility location before prices climb.
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Zillow last checked:
Listing updated:
Listed by:
Jon A. Smith763-238-4678,
Keller Williams Integrity NW
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7109139
Facts & features
Interior
Features
Has basement: No
Property
Lot
Size: 2 Acres
Dimensions: 183 x 466 x 195 x 428
Topography: Level
Details
Parcel number: 118500154101
Zoning description: Business/Commercial
Utilities & green energy
Utilities for property: Broadband Available, Broadband Connected, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Available, Storm Sewer Connected, Underground Utilities Available, Underground Utilities Connected, Water Available, Water Connected
Community & HOA
Community
Features: No
HOA
Has HOA: No
Location
Region: Elk River
Financial & listing details
Annual tax amount: $4,500
Date on market: 7/14/2026
Inclusions: Easements
Electric utility on property: Yes
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/14/2026
Listed for sale
$329,900
Source: NorthstarMLS as distributed by MLS GRID #7109139Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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