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    Hoffman Rd & State Hwy 22 - Mankato, MN 56001

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    Mankato, MN: Prime 2.46-acre lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.46-acre commercial lot, identified as Lot I within the Prairie Winds Development in Mankato, Minnesota, presents a unique investment opportunity. Located at the intersection of Hoffman Road and State Highway 22, this property boasts a highly desirable location within a thriving commercial area. The parcel is part of a larger, approximately 35-acre development that includes established businesses such as Kwik Trip, Nupa, and Hyland Dental, ensuring high visibility and convenient access for potential businesses. The site's zoning allows for a variety of uses, including retail, office, hospitality/restaurant, and childcare facilities. This strategic location benefits from proximity to existing and planned residential neighborhoods, creating a strong customer base and supporting a robust local economy. The planned addition of 180-200 units of luxury multi-family housing will further enhance the area's appeal and increase foot traffic. The property's Assessed Parcel Numbers (APNs) are R01.09.15.303.001, R01.09.15.301.001, R01.09.15.301.002, R01.09.15.302.001, R01.09.15.302.002, and R01.09.15.302.003. This prime location and versatile zoning make this lot an ideal choice for developers and investors seeking a strong return on investment in a rapidly growing Mankato market. The property is situated in Blue Earth County, MN, zip code 56001.

    Property Features for 0 Hoffman Rd & State Hwy 22 -

    General Information

    Property type
    Land
    Lot Size
    107,158 SF

    HighLights

    • 2.46‑acre commercial lot in Mankato, MN's Prairie Winds Development.
    • High‑visibility location at Hoffman Road and Hwy 22, near Kwik Trip, Nupa, and Hyland Dental.
    • Zoned for retail, office, restaurant, and childcare uses.
    • Strong customer base due to proximity to existing and planned residential (180‑200 units).
    • APNs: R01.09.15.303.001, R01.09.15.301.001, R01.09.15.301.002, R01.09.15.302.001, R01.09.15.302.002, R01.09.15.302.003 (Blue Earth County, 56001).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9489166
    Latitude
    44.1559816

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    FAQs

    What type of property is this?
    Land - Mankato, MN: Prime 2.46-acre lot.
    Where is this land located?
    The property is located at Hoffman Rd & State Hwy 22 - Mankato, MN.
    What are key features of this property?
    This property features: 2.46-acre commercial lot in Mankato, MN's Prairie Winds Development.; High-visibility location at Hoffman Road and Hwy 22, near Kwik Trip, Nupa, and Hyland Dental.; Zoned for retail, office, restaurant, and childcare uses.
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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
    Hoffman Rd & State Hwy 22 - Mankato, MN 56001
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