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    Monks Ave Mankato, MN 56001

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    For Sale
    $265,000

    Single-family development opportunity in Mankato, near hospital, dining, and shopping.

    Lot size:
    6.90 Acres

    Property Features for Monks Ave

    General Information

    Lot size
    6.90 Acres

    Source: RE/MAX Advantage Plus - Savage Agent Rebecca Thate

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

    Overview

    Mankato Hilltop Development Opportunity

    This property presents a single-family development opportunity in Mankato Hilltop. The site, located among trees, offers a blend of convenience and privacy. It features seven building sites that allow for customization. The location is near the Hospital, dining, shopping and University, while maintaining a sense of seclusion. The zoning is R1. The property is raw land intended for single family development.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.989711
    Latitude
    44.154925

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    FAQs

    What type of property is this?
    Land - Single-family development opportunity in Mankato, near hospital, dining, and shopping.
    Where is this land located?
    The property is located at Monks Ave Mankato, MN.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - Seven spacious building sites ideal for single-family homes.; - Prime location in Mankato Hilltop, offering both convenience and privacy.; - Development opportunity for crafting custom dream homes.
    (507) 381-9920
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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
    Monks Ave Mankato, MN 56001
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