Gaughan Facilitates Sale of Nearly 500 Acres for Prior Lake Family

Gaughan is a locally and family owned commercial construction and real estate company with three offices in Minnesota. In addition to general contracting and construction services in Minnesota, Gaughan handles the sale of properties.
Gaughan recently began work on the sale of nearly 500 acres of land in Prior Lake on behalf of the Vierling family. The land is split into three sections, with the largest parcel stretching 320 acres. The other two sections span 120 acres and 55 acres. A 170-year-old barn once stood upon the land.
Broker Tom Opsahl expects to sell the three sections to different developers and estimates that the 320-acre plot will require the most planning. Plots of this size usually call for comprehensive planning, which takes time, creativity, research, and consultation with the city. Interested potential buyers have included local, out-of-state, and international investors, with prices still being negotiated.
