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Commercial Land for Sale in Elko New Market, Minnesota

260th St E, Elko New Market, MN 55020

$1,650,000
10 acres
Active sale
Est $11,693/mo

Excellent opportunity to own approximately 10 acres in Elko New Market with convenient access to I-35W! This expansive parcel features generally level terrain, wide-open acreage, and mature trees along portions of the property, offering an attractive setting with excellent future development potential. Ideally positioned along County Road 2, the property benefits from existing turn lanes designed to accommodate future roadway access. Currently located outside city limits and under Scott County zoning jurisdiction, the property is guided by the City of Elko New Market's Comprehensive Plan for a combination of Business/Limited Industrial and Commercial uses. The northern portion is guided for Business/Limited Industrial, with potential uses including office, warehouse, distribution, light manufacturing, and mini-storage facilities, subject to applicable zoning and approvals. The southern portion is guided for Commercial uses, offering additional possibilities for a variety of business developments. Municipal water is available south of County Road 2, with utility extensions and future roadway improvements anticipated as part of development. A 2026 survey is available. With its desirable location, convenient highway access, and versatile future land use designations, this property presents an outstanding opportunity for developers, investors, and businesses looking to establish a presence in a growing area!

Location

Street address
260th St E
Zip code
55020
School district
Lakeville
Elevation
1,107 feet
Coordinates
44.574, -93.3105

Directions

From 35W exit onto 260th St E, lot will be on your right.

Property details

Acreage
10 acres
Zoning
Business/Commercial, Industrial
MLS #
RMLS 7137141
Posted

Property taxes

2026
$964

Parcels

  • 089230080

Details and features

Listing

Type
Land
Franchise
RE/MAX International

Lot

Features
Tree Coverage-Light

Listing history

DateEventPriceChangeSource
Sept 15, 2026New listing$1,650,000—RMLS
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This 10-acre property is located at 260th St E in Elko New Market, MN 55020. The land is available for sale, priced at $1,650,000 — $165,000 per acre.

Listed by RE/MAX Advantage Plus, (952) 226-7700

Checked 1 hour agoUpdated Source

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