511 Territorial Road, Monticello, MN 55362 - Photo 1

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$349,900 Just Listed

For Sale
Active
Lots/Land
7.1 Acres
Updated 1 day ago

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Property Description

Rare opportunity to own over 7 scenic acres in the heart of historic Monticello. One of the area's largest undeveloped parcels, this property offers an exceptional setting surrounded by mature trees, with plenty of room for a private estate or future development. Enjoy the privacy of expansive acreage while remaining conveniently located near shopping, dining, schools, and major roadways. With potential for residential subdivision or higher-density development, this property may also appeal to builders and investors looking for land within city limits. An existing single-family home is situated on the property but is not accessible and is likely a teardown. The true value lies in the land and its future potential. Any development or subdivision is subject to city approval. Property is being sold as-is. All showings and land walks must be scheduled in advance.

Full Property Details

Full Property Details for 511 Territorial Rd

General

Price: $349,900
Taxes: $4,436 (2026)
Status: Active
Type: Lots/Land
Source: NorthStarMLS_RMLS
MLS ID: 7165204
Updated: 10/30/2026
Added to Site: 2 day(s) ago

Location

County: Wright
Township: Monticello
Driving Directions: I-94 to Fenning Ave, E on 7th Street, Continue straight at the roundabout, R on Fallon Ave, R on Territorial Road

School Information

School District: 882 - Monticello
High School District: Monticello

Utilities

Utility Description: Other Available, Private Septic Connected, Private Well Connected

Lot Features

Lot Size (Acres): 7.1
Lot Dimensions: 307 x 916 x 987 x 369
Frontage: Private Road, Unpaved Streets
Development Status: Raw Land
Zoning: Residential-Single Family
Lot Description: Medium Tree Coverage

Financial Considerations

Tax Amount: $4,436
Tax Year: 2026

Disclosures and Reports

Legal Description: SECT-12 TWP-121 RANGE-025 UNPLATTED LAND MONTICELLO1 WLY 5 ACRES OF SW OF SW LY S OF RR R/W& BDED ON N BY RR R/W &ON S&W BY TWNSITE RD ALSO DES AS:COM AT PT ON W LN OF SEC12-121-25 534.5FT N OF SW COR THOF TH E AT R AGL 318 FT TH N11D0'E TO CTRLN OF OLD TERRITORIAL RD TH N14D20'W ALG SD EXISTING CTRLN 40.5FT TO INT/SEC/W NLY LN OF SD RD EXTED NWLY&POB TH CONT ALG SD CTRLN TO INT/SEC/W SLY LN OF RR R/W TH S74D23'E ALG SD SLY R/W LN 979.17FT TH S2D22'E TO NLY LN OF SD RD TH N68D50'W ALG SD NLY LN TO POB ALSO TH PRT OF VAC OLD TERRITORIAL RD DES TH PRT OF SW SW DES COM SW COR TH N1D24'50"E ALG W
CC&Rs: Yes
Restrictions: Open
Property ID: 155500123300

Listed by eXp Realty

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Schools

Schools serving 511 Territorial Rd

School District:Monticello Public School District

Name	Grades	Distance
Eastview Education Center 9375 Fenning Avenue, Monticello, MN 55362	PK-K	1 mi
Pinewood Elementary School, Monticello, MN 1010 West Broadway Street, Monticello, MN 55362	1-5	1.5 mi
Monticello Middle School 800 Broadway Street East, Monticello, MN 55362	6-8	0.2 mi
Monticello Senior High School 5225 School Boulevard, Monticello, MN 55362	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 511 Territorial Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/30/2026

Listed

$349,900

119.33%

MLS

8/31/2020

Sold

$159,530

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 511 Territorial Rd

Year

Property Taxes

Change

Tax Assessment

Change

2026

$4,436

—

$324,100

-19%

2026

$4,436

27%

$401,900

2023

$3,486

—

$370,200

—

2023

$3,486

73%

$369,200

12%

2022

$2,020

—

$329,300

87%

2021

$2,028

-1%

$175,800

—

2020

$2,040

-17%

$175,800

-13%

2019

$2,446

17%

$203,000

2018

$2,094

$187,600

2017

$2,020

$177,900

2016

$1,984

—

$170,900

2015

$1,978

-4%

$167,900

13%

2014

$2,052

-3%

$148,300

-4%

2013

$2,126

—

$154,900

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 511 Territorial Rd

511 Territorial Road, Monticello, MN 55362 (MLS# 7165204) is a Lots/Land property with a lot size of 7.1 acres. 511 Territorial Road is currently listed for $349,900 and was received on October 30, 2026. Want to learn more about 511 Territorial Road? Do you have questions about finding other Lots/Land real estate for sale in Monticello? You can browse all Monticello real estate or contact a Coldwell Banker agent to request more information.

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511 Territorial Rd Monticello, MN 55362