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    Excel Dr Mankato, MN 56001

    Sponsored
    For Sale
    $1,150,000

    Mankato, MN: 4.22-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.22-acre (183,823 square feet) commercial lot, located on Excel Drive in Mankato, Minnesota, presents a unique development opportunity. Zoned B3 Commercial, it's ideally suited for a variety of uses, including retail, office, or mixed-use projects. The property boasts a prime location with convenient access to Highways 22 and 14, ensuring high visibility and easy accessibility. Its strategic placement near major retailers such as Menards, FedEx, Hy-Vee, and River Hills Mall guarantees significant foot traffic and brand synergy. The flat, readily accessible terrain simplifies development, and the presence of nearby utilities further streamlines the construction process. This versatile parcel offers developers and investors an outstanding chance to capitalize on Mankato's thriving commercial market. The property's APN is R01.09.03.378.002. This is a ready-to-develop site with excellent visibility and potential for significant return on investment. The asking price is $1,150,000.

    Property Features for 0 Excel Dr

    General Information

    Property type
    Land
    Lot Size
    183,823 SF

    HighLights

    • $1,150,000 asking price for a 4.22‑acre commercial land parcel.
    • Located on Excel Drive in Mankato, MN, APN R01.09.03.378.002.
    • B3 Commercial zoning, suitable for retail, office, or mixed‑use development.
    • Excellent location with highway access (Hwy 22 & Hwy 14) and proximity to major retailers (Menards, FedEx, Hy‑Vee) and River Hills Mall.
    • Flat, readily developable land with available utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.943041851094
    Latitude
    44.181481303285

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    FAQs

    What type of property is this?
    Land - Mankato, MN: 4.22-acre commercial lot
    Where is this land located?
    The property is located at Excel Dr Mankato, MN.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for a 4.22-acre commercial land parcel.; Located on Excel Drive in Mankato, MN, APN R01.09.03.378.002.; B3 Commercial zoning, suitable for retail, office, or mixed-use development.
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    Excel Dr 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
    Excel Dr Mankato, MN 56001
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