Listing Agency: BH Realty Group b***@yahoo.com Show Phone

Listed By: Scott Borgmeier · License #40663204 Show Phone

Source: Exitrealty

Added: Nov 19, 2024 Changed: Aug 23 Last Checked: Aug 22 at 11:06AM

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Investment Insights

Based on property information with market context.

This lot is situated in an area of Mankato that is experiencing eastward expansion. The property is suitable for commercial or industrial purposes. It is located near US 14, which has over 22,000 Average Daily Traffic (ADT), and TH 22, which sees over 16,000 ADT. The lot is zoned M-1 Light Industrial. Infrastructure in the surrounding area has been recently upgraded to accommodate the Walmart Distribution Center located just east of this lot.

Key Highlights

• Prime location in the heart of Mankato's eastward expansion.
• Ideal lot size for commercial/industrial purposes.
• Zoned M‑1 Light Industrial.

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Hair Salon Accounting Firm Travel Agency (Bike/Boat/Book/etc) Store Arcade & Gaming Center Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 56001, MN

50,729

Population

21,583

Households

2.4

Avg Household Size

30

Median Age

37%

College-Educated

94%

High-School Grad

114.5 sq mi

ZIP Area

443

Density / Sq Mi

$67,224

Median Household Income

$29,122

Median Earnings

$1,088

Median Rent

$263,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Prime location near US-14, ideal for commercial/industrial purposes.

Where is this industrial land located?

The property is located at 1011 Innovation Lane Mankato, MN.

What is the asking price?

The asking price for this property is $184,000.

What are key features of this property?

This property features: Prime location in the heart of Mankato's eastward expansion.; Ideal lot size for commercial/industrial purposes.; Zoned M‑1 Light Industrial.