26545 Drew Avenue
Elko, MN, 55020 $ 250,000
Bedrooms-- Baths-- Sq 1,974 Monthly Estimate*
$ 1,727
for $250,000. This 1,974 square foot building was built in 1970 on a lot size of 0.17.
This property presents a rare opportunity to establish or expand your business in the growing community of Elko New Market. Built in 1977, this solid cinder block commercial building offers durability, functionality, and flexibility for a wide range of business uses. The property is equipped with heating and air conditioning, additional power capacity, and a large parking area with extra parking spaces- a major advantage for customer traffic, employees, deliveries, or multi-business operations. This property is zoned B-2, allowing the opportunity for numerous business opportunities including brew pubs, medical clinics, office space, retail establishments, restaurants, personal service businesses, recreation and fitness facilities, and service based operations. Permitted uses include professional offices, beauty and hair salons, nail salons, massage therapy, physical therapy, tattoo studios, gyms, dance or gymnastics studios, laundromats, tailoring, appliance repair, computer repair, animal grooming, and much more! With its versatile layout, strong construction, high visibility potential, and expansive accommodations, this property is ideal for entrepreneurs, investors, or established businesses looking for a location with endless possibility for growth and success.
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FeaturesGeneralSewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 4
Construction Materials Block
Year Built 1970
Tax Year 2026
Current Use Vacant
Accessibility None
County Scott
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Elko-Merged W/Nmc
Possible Use Agriculture Other Professional Service Retail Warehouse Diversified Wholesale Income Industrial Lounge/Bar
Directions I-35 to exit 76 right on 260th St. E left on France Ave left on Drew Ave property is on your right
City Elko New Market
High School District Lakeville
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 1602
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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InteriorBasement None
Basement (Y/N) N
Fuel Electric Natural Gas
Garage Square Feet 1974
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ExteriorParking Features Attached Garage Concrete Electric Garage Door Opener Parking Garage Parking Lot Storage
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.17
Building Area Total 1974
Lot Dimensions 145x50
Waterfront Y/N N
Foundation Area 1974
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* Excluded FeaturesList ByKris Lindahl Real EstateBroker
askkris@krislindahl.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,727
- Monthly Property Taxes
- $134
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Elko, MN
Average List Price $450,000
Percent of Sale Price 80%
About Elko, MN 4,311 Population
84% Since 2002
$ 100,178 Median Income
36.56 Median Age
48% Households with Children
Trends Information provided by ATTOM Data Solutions.
708798 Elementary School
708789 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/27/2026 | $250,000 | | Listed Price |