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    242 Belgrade Ave North Mankato, MN 56003

    For Sale
    Contact for pricing

    Highly visible commercial land with highway access and strong traffic.

    Lot size:
    0.34 Acres

    Property Features for 242 Belgrade Ave

    General Information

    Lot size
    0.34 Acres

    Source: David Schooff Agent David Schooff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Parcel in Mankato

    This commercial parcel is located in North Mankato and zoned B-1 (Business District), offering potential for commercial developments such as retail, office space, service businesses, or mixed-use projects. The property is centrally positioned with access to major thoroughfares and visibility in a growing commercial corridor. Located in a high-visibility corridor of North Mankato, parcel 18.249.0010 offers exposure along a well-traveled arterial road with an average daily vehicle traffic count exceeding 12,000. The site benefits from pedestrian activity driven by nearby retail centers, residential neighborhoods, schools, and public parks. Its proximity to US Highway 169 ensures regional access, drawing customer flow from Greater Mankato and surrounding communities. Sidewalk infrastructure and transit access enhance walkability and connectivity. The lot size is 0.338 acres and has over 100 feet of retail/office frontage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.006445
    Latitude
    44.170518

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    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial land with highway access and strong traffic.
    Where is this commercial land located?
    The property is located at 242 Belgrade Ave North Mankato, MN.
    What are key features of this property?
    This property features: - High-visibility location in a growing commercial corridor with 12,000+ average daily vehicle traffic count.; - Zoned B-1 (Business District) allowing for retail, office, service businesses, or mixed-use projects.; - Excellent access to major thoroughfares, including proximity to US Highway 169, ensuring regional access.
    (507) 380-7340
    Request Owner's contact information
    242 Belgrade Ave 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
    242 Belgrade Ave North Mankato, MN 56003
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