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Corner Commercial Land
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21529 586th Ave, Mankato, MN 56001

Corner commercial land in a proposed B1 district near major employers and public services.

Property SizeContact for details
Lot Size2.65 Acres
Days on Market378

Property Features for 21529 586th Ave

General Information

Standard status Active
Lot size 2.65 Acres
Property subtype LAND
Listing Agency: RE/MAX Advantage Plus - Savage
Listed By: Rebecca Thate · License #20422215
Source: Moodyscre
Added: Aug 26, 2025 Changed: Sep 6 Last Checked: Sep 6 at 2:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage Plus - Savage

Investment Insights

Based on property information with market context.

This corner commercial land site totals 2.65 acres at the intersection of Bassett Drive and Carver Road near the Justice Center, MNDOT, and Mayo’s Eastridge Clinic. The property is positioned on Mankato’s rapidly expanding east side.

The proposed B1 district is intended to support a broad range of development, including retail, office, institutional uses, and limited light industry. Please note that assessments are due upon annexation.

This is a straightforward opportunity for buyers looking for an undeveloped parcel that can be planned within a B1 framework and brought forward through annexation.

Key Highlights

  • 2.65 acres at the corner of Bassett Drive and Carver Road
  • Proposed B1 district allowing retail, office, institutional, and limited light industry
  • Near the Justice Center, MNDOT, and Mayo’s Eastridge Clinic

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Law Firm

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

314
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Corner commercial land in a proposed B1 district near major employers and public services.
Where is this commercial land located?
The property is located at 21529 586th Ave Mankato, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2.65 acres at the corner of Bassett Drive and Carver Road; Proposed B1 district allowing retail, office, institutional, and limited light industry; Near the Justice Center, MNDOT, and Mayo’s Eastridge Clinic
(507) 381-9920 Call to check price and availability
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