[3] Served by Interstate 35 and Scott County Road 2, the city contains one public school, and is notable as the location of Elko Speedway.

The New Market Hotel and Store is listed on the National Register of Historic Places.

[6] Both Elko and New Market were common town names of the era according to the Minnesota Historical Society.

[7] The new city was named Elko New Market with the merger taking effect on January 1, 2007.

According to the United States Census Bureau, the city has a total area of 3.36 square miles (8.70 km2), all land.