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11039 181st Avenue NW, Elk River, MN 55330

$650,000

Attention Investors: Multi-Family or Commercial Opportunity on 2.34 Acres

High Visibility Area off Main St & Near Hwy 169

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,321 Lot Size (sq. ft.): 101,930 Status: Active

Current Price: $650,000 List Date: 7/09/2026 Last Modified: 7/22/2026

Overview

Description

Rare investment opportunity in the heart of Elk River! This 2.34-acre property offers outstanding visibility along Main Street with convenient access between Highway 10 and Highway 169. Currently improved with a single-family home, the property features a beautiful, park-like setting with mature trees and a spacious yard, while also presenting excellent future redevelopment potential. With multifamily and commercial properties located nearby, the site offers a variety of possibilities. A potential second access point from the neighborhood cul-de-sac to the northwest may provide additional development flexibility (buyer to verify with the City of Elk River). An exceptional opportunity for investors, developers, or those looking to secure a prime location with strong future potential.

Listing Details MLS# 7084239

General Property Information

# Carport Spaces: Yes
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Waterfront YN: No
Year Built: 1971
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: Yes
Main Floor Total SqFt: 1293
Above Grd Total SqFt: 1293
Below Grd Total SqFt: 1028
Total SqFt: 2321
Total Finished Sqft: 1678.00
FireplaceYN: No
Style: (SF) Single Family
Foundation Size: 1128
Garage Stalls: 2
Lot Dimensions: 283x556x204x356
Acres: 2.34
Assessment Pending: No
Number of Fireplaces: 0
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: None Amenities Unit: Sun Room Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Approved Financing: NONE Basement: Concrete Block; Partially Finished; Storage Space Bath Description: Main Floor Full Bath Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Informal Dining Room Electric: 100 Amp Service Exterior: Brick/Stone; Wood Family Room Characteristics: Lower Level Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Baseboard Laundry: In Basement Lock Box Type: Supra Lot Description: Irregular Lot Outbuildings: Additional Garage Parking Characteristics: Multiple Garages Property Subtype: Acreage Road Frontage: City Street; Paved Streets; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: Private Sewer; Tank with Drainage Field Special Search: 3 BR on One Level Stories: One Water: Private; Well

Contract Information

Contingency: None
Original List Price: 650000
ListPrice: 650000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 11039
Street Name: 181st
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Elk River
County: Sherburne
State: MN
Zip Code: 55330

Assessments

Tax With Assessments: 4470
Assessment Balance: 0

Basement

Foundation Dimensions: 40x24
Concrete Block: Yes
Partially Finished: Yes
Storage Space: Yes

More Information

Building Information

Finished SqFt Above Ground: 1293
Finished SqFt Below Ground: 385

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SCAAR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 23x24
Garage Door Height: 7
Garage Door Width: 16
Garage Square Feet: 552
Multiple Garages: Yes

Public Survey Info

Range#: 26
Section#: 35
Township#: 33

Office/Member Info

Association: SCAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: ALL THAT PT OF SW 1-4 OF SW 1-4 LYING W OF THE E 10 RDS DES AS FOLLOWS: BEG AT THE INTERSECTION OF THE W LINE OF THE E 10 RDS OF SAID SW 1-4 OF SW 1-4 WITH THE CENTERLINE OF CSAH 12, THENCE N ALONG SAID W LINE OF THE E 10 RDS A DIST OF 626.90 FT, THENCE W AT RT ANGLES DIST 208.70 FT, THENCE S PARA WITH SAID W LINE OF THE E 10 RDS TO THE CENTERLINE OF CSAH 12, THENCE SELY ALONG SAID CENTERLINE TO POB & THAT PART OF SW 1/4 OF SW 1/4 DESC AS FOLL: COMM AT THE INTERSECTION OF THE W LINE OF THE E 10 RDS OF SW 1/4 OF SW 1/4 WITH THE CENTERLINE OF CSAH NO. 12;THENCE N ALONG W LINE OF E 10 RDS DIST 626.90 FT;THENCE W AT RT ANGLES DIST 208.70 FT TO A POINT TO BE HEREAFTER KNOWN AS POINT A FOR THE
Listing City: Elk River
Map Page: 34
Municipality: Elk River
School District: Elk River
School District Phone: 763-241-3400
Zip Plus 4: 1932
Property ID Number: 75001353306
Tax Year: 2026
Tax Amount: 4470
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare investment opportunity in the heart of Elk River! This 2.34-acre property offers outstanding visibility along Main Street with convenient access between Highway 10 and Highway 169. Currently improved with a single-family home, the property features a beautiful, park-like setting with mature trees and a spacious yard, while also presenting excellent future redevelopment potential. With multifamily and commercial properties located nearby, the site offers a variety of possibilities. A potential second access point from the neighborhood cul-de-sac to the northwest may provide additional development flexibility (buyer to verify with the City of Elk River). An exceptional opportunity for investors, developers, or those looking to secure a prime location with strong future potential.
Directions: Hwy 169 to Main Street

Accessible

None: Yes

Air Conditioning

None: Yes

Amenities Unit

Sun Room: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Approved Financing

NONE: Yes

Bath Description

Main Floor Full Bath: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Informal Dining Room: Yes

Electric

100 Amp Service: Yes

Exterior

Brick/Stone: Yes
Wood: Yes

Family Room Characteristics

Lower Level: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Basement: Yes

Lot Description

Irregular Lot: Yes

Outbuildings

Additional Garage: Yes

Property Subtype

Acreage: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

Private Sewer: Yes
Tank with Drainage Field: Yes

Special Search

3 BR on One Level: Yes

Stories

One: Yes

Water

Private: Yes
Well: Yes

Room Information

Room Name	Dimensions	Level
Dining Room	12x15	Main
Family Room	20x12	Lower
First (1st) Bedroom	12x13	Main
Kitchen	14x18	Main
Living Room	20 x 12	Main
Second (2nd) Bedroom	11x9	Main
Third (3rd) Bedroom	10x12	Main

Listing Office: Haller Realty Inc.

Last Updated: July - 22 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.