$195,000

Nestled in the heart of Elk River, this nearly 6 acre parcel offers exceptional opportunity and versatility. There is currently a moratorium on all multi-family builds in Elk River. The moratorium does not affect single family builds. See virtual tour for a better view of the land. AI generated image is intended to provide a comparable visual representation of the floor plan the Sellers purchased. The actual floor plan has already been approved by the City. Sellers are willing to sell the approved floor plan to Buyers for an additional cost. Currently this property is zoned R3 Residential, and has potential for a range of uses from a private family retreat surrounded by nature to multifamily or housing and business related developments. A 66 foot easement runs along the scenic walking trail to the north, offering convenient access to outdoor recreation. The lot has already undergone a wetland delineation, and the seller has begun site preparation by filling and compacting a lowland area where Upland meets Elk Lake Road, creating additional usable space for future construction or enjoyment. With generous building setbacks and a peaceful setting framed by trails and natural beauty, this is the perfect canvas to bring your vision to life. Whether that’s residential, investment driven, or both!