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    1961 Lexington Ln North Mankato, MN 56003

    For Sale
    $119,900

    Residential - North Mankato, MN

    Lot size:
    0.39 Acres
    Days on Market:
    62
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 1961 Lexington Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18.629.0220
    EntryLevel
    16
    Lot size
    0.39 Acres

    Building Details

    Architectural style
    Other

    Bridge Realty Mankato (507) 344-5200 [email protected]

    Listing agent Jeffrey Williams (952) 368-0021 License #40986549

    Listing date Oct 6, 2025

    MLS# 7038757 Listing URL

    Copyright © 2025 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ravine Lot in The Reserve

    This 0.39-acre residential lot is located at 1961 Lexington Lane in North Mankato, Minnesota. Situated in the final phase of The Reserve, the property offers private wooded views and a natural slope suitable for basement windows and a bright lower level. The property allows flexibility to bring your own builder, or work with one of the community’s preferred builders to create a custom home. Owner financing is available with low down payment options. It is located in Nicollet County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Electrical Service Daycare Center Computer & Electronic Repair Nursing Home Assisted Living Facility Senior Center Adult Day Care Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.043874
    Latitude
    44.205281

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in North Mankato with wooded views.
    Where is this residential land & home lot located?
    The property is located at 1961 Lexington Ln North Mankato, MN.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Beautiful ravine lot in The Reserve, a highly desirable neighborhood.; - Enjoy private wooded views.; - Natural slope ideal for a bright, walk-out lower level.
    (952) 368-0021
    Request Owner's contact information
    1961 Lexington Ln North Mankato, MN 56003
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    North Mankato, MN 56003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1961 Lexington Ln North Mankato, MN 56003
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