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    19157 Rapidan Ave Mankato, MN 56001

    Sponsored
    For Sale
    $265,000

    Historic school building, 22,840 sq ft, investment opportunity.

    Property size:
    22,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22,840-square-foot property presents a remarkable adaptive reuse opportunity. The historic school building, constructed in 1922, features two stories and a basement, offering significant potential for redevelopment. Situated on a 4.66-acre lot at 19157 Rapidan Ave in Rapidan Township, Mankato, Minnesota (zip code 56001), this property enjoys high visibility and a prime location. The building's unique character and substantial size provide a blank canvas for creative vision. Investors can explore significant financial advantages through available tax write-offs and grants designed to support adaptive reuse projects of this nature. The property includes one loading dock. Its proximity to local attractions such as Mount Kato, Red Jacket Trail, and Minneopa State Park and Falls adds to its appeal. This is a strategic restoration project with the potential for substantial returns. The property is zoned for special purpose use. This is a rare chance to acquire a piece of history and transform it into a thriving venture. Serious inquiries only.

    Property Features for 19157 Rapidan Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    22,840 SF
    Lot Size
    202,990 SF

    Building Details

    Year Built
    1922
    Buildings
    1
    Stories
    2

    HighLights

    • Two‑story building with basement.
    • High‑traffic location with excellent visibility.
    • Prime opportunity for a value‑add renovation project.
    • Potential for significant tax benefits and grant funding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Bar & Pub Bike Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -94.0679883
    Latitude
    44.0976788

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    FAQs

    What type of property is this?
    Specialty property - Historic school building, 22,840 sq ft, investment opportunity.
    Where is this specialty property located?
    The property is located at 19157 Rapidan Ave Mankato, MN.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Two-story building with basement.; High-traffic location with excellent visibility.; Prime opportunity for a value-add renovation project.
    (507) 469-0545
    Request Owner's contact information
    19157 Rapidan Ave 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
    19157 Rapidan Ave Mankato, MN 56001
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