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    19157 Rapidan Ave Mankato, MN 56001

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    For Sale
    $295,000

    Charming 1922 school building with redevelopment potential in Rapidan Township.

    Property size:
    22,840 SF
    Lot size:
    4.66 Acres

    Property Features for 19157 Rapidan Ave

    General Information

    Size
    22,840 SF
    Lot size
    4.66 Acres

    Building Details

    Year built
    1922

    Source: Dain Fisher Agent Dain Fisher

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

    Overview

    Historic School Building For Sale

    This historic two-story school building, constructed in 1922 and including a basement, presents a unique opportunity for adaptive reuse. Located on Rapidan Ave in Rapidan Township, Mankato, Minnesota, the property offers potential financial benefits through tax write-offs and grant opportunities. The property is situated near local attractions such as Mount Kato, Red Jacket Trail, and Minneopa State Park and Falls.
    Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Auto Repair Shop Bar & Pub Bike Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.06807
    Latitude
    44.098614

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    FAQs

    What type of property is this?
    School - Charming 1922 school building with redevelopment potential in Rapidan Township.
    Where is this school located?
    The property is located at 19157 Rapidan Ave Mankato, MN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Historic 1922 school building offering a unique adaptive reuse opportunity.; - Prime location in Rapidan Township, Mankato, Minnesota.; - Proximity to recreational attractions like Mount Kato, Red Jacket Trail, and Minneopa State Park and Falls.
    (507) 469-0545
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    19157 Rapidan Ave Mankato, MN 56001
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    Mankato, MN 56001
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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
    19157 Rapidan Ave Mankato, MN 56001
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