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. 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!