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    Hoffman Rd & State Hwy 22 - Mankato, MN 56001

    For Sale
    Contact for pricing

    2.43 Acres, Prime Mankato Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.43-acre parcel, identified as Lot J in the Prairie Winds Development, presents a remarkable opportunity in Mankato, Minnesota. Located at the intersection of Hoffman Road and State Highway 22, this residential land boasts a highly desirable location within a thriving community. The property is part of a larger, approximately 35-acre development that is strategically positioned adjacent to established residential areas and existing retail businesses, including Kwik Trip, Nupa, and Hyland Dental. The surrounding area is experiencing significant growth, with a planned multi-family housing development anticipated to add 180-200 luxury units. This development's strategic placement offers excellent visibility and accessibility, making it suitable for a variety of uses. The property's zoning allows for potential development including retail, office, hospitality/restaurant, and childcare facilities. The APN numbers for this property 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 in Mankato, MN (zip code 56001), situated in Blue Earth County, offers unparalleled potential for investors and developers seeking a strong foothold in a rapidly expanding market. The coordinates are 44.1559816 latitude and -93.9489166 longitude.

    Property Features for 0 Hoffman Rd & State Hwy 22 -

    General Information

    Property type
    Land
    Lot Size
    105,851 SF

    HighLights

    • 2.43‑acre residential land parcel in Mankato, MN.
    • Located at Hoffman Road & State Highway 22 - Lot J.
    • APN: 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.
    • Part of the Prairie Winds Development, a 35‑acre project near existing retail and residential areas.
    • Suitable for various uses including retail, office, hospitality/restaurant, and childcare.
    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 - 2.43 Acres, Prime Mankato Location
    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: 2.43-acre residential land parcel in Mankato, MN.; Located at Hoffman Road & State Highway 22 - Lot J.; APN: 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.
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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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