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    1801 Lor Ray Dr North Mankato, MN 56003

    For Sale
    $1,400,000

    Prime 4.73-acre land parcel with versatile development potential.

    Lot size:
    4.73 Acres

    Property Features for 1801 Lor Ray Dr

    General Information

    Lot size
    4.73 Acres

    Source: KW Commercial Midwest - Apple Valley Agent James Halbur

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

    Overview

    North Mankato Land for Development

    Located at the intersection of US Hwy 14 and Lor Ray Dr in North Mankato, this 4.73-acre property offers significant potential for various development projects. The location provides convenient access to major transportation routes and essential utilities. The property's zoning regulations are favorable, and it presents versatile investment possibilities. The site is suitable for diverse land uses and also features scenic surroundings suitable for outdoor projects.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.033966
    Latitude
    44.177837

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    FAQs

    What type of property is this?
    Land - Prime 4.73-acre land parcel with versatile development potential.
    Where is this land located?
    The property is located at 1801 Lor Ray Dr North Mankato, MN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of US Hwy 14 and Lor Ray Dr. in North Mankato.; - Ample 4.73-acre space for versatile development projects.; - Convenient access to major transportation routes.
    (507) 317-2353
    Request Owner's contact information
    1801 Lor Ray Dr 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
    1801 Lor Ray Dr North Mankato, MN 56003
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