524 Milrose Circle, Albert Lea, MN 56007 - Freeborn County

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 areas growth.

Whether youre 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.

OWNER

Milron Development LLC & Stables Development Co. LLP

AUCTION LOCATION

Online at our website

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

City sewer & water available

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

City sewer & water available

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

City sewer & water available

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

City sewer & water available

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

City sewer & water available

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

City sewer & water available

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

City sewer & water available

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

City sewer & water available

Located within city limits of Albert Lea, MN

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.