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    1401 Victory Dr Mankato, MN 56001

    For Sale
    $1,400,000

    Prime Mankato retail land, highway access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 13-acre commercial land parcel presents a unique investment opportunity in Mankato, Minnesota. Located at 1401 N Victory Dr, 56001, this property boasts a highly desirable location with exceptional visibility and convenient access from Highways 14/169 and Victory Drive. The asking price is $1,400,000, translating to a land value of $2.65 per square foot. Its prime retail location makes it ideal for a variety of commercial developments. The expansive acreage offers significant potential for a mixed-use development, potentially combining high-traffic retail space at the front with multifamily units situated on the higher elevation and ravine areas, as envisioned in the conceptual plan. This property is situated in Blue Earth County and offers significant development potential for businesses seeking high visibility and convenient access for customers. The size and location make this a rare opportunity for investors seeking a strong return in a thriving Mankato market. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a premier commercial land parcel in a prime Mankato location.

    Property Features for 1401 Victory Dr

    General Information

    Property type
    Land
    Lot Size
    566,280 SF

    HighLights

    • $1,400,000 asking price for 13 acres of commercial land.
    • Located in a prime Mankato retail location.
    • High visibility and convenient access from Highways 14/169 and Victory Drive.
    • Land value: $2.65/SF.
    • 13‑acre site suitable for a mix of retail and multifamily development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9685728
    Latitude
    44.1785782

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    FAQs

    What type of property is this?
    Land - Prime Mankato retail land, highway access.
    Where is this land located?
    The property is located at 1401 Victory Dr Mankato, MN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price for 13 acres of commercial land.; Located in a prime Mankato retail location.; High visibility and convenient access from Highways 14/169 and Victory Drive.
    (507) 317-2353
    Request Owner's contact information
    1401 Victory Dr 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
    1401 Victory Dr Mankato, MN 56001
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