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    2050 Madison Ave Mankato, MN 56001

    For Sale
    $2,510,000

    Prime Mankato commercial land, 11.52 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 11.52-acre commercial land parcel presents a unique investment opportunity in Mankato, Minnesota. Located at 2050 Madison Avenue, this property boasts significant frontage on Madison Avenue, a key thoroughfare in a rapidly expanding area. The zoning designation is B-3 Highway Commercial, allowing for a wide range of commercial uses. The property's strategic location places it in close proximity to established businesses, including an auto dealership, shopping centers, medical facilities, and apartment complexes, ensuring high visibility and accessibility. This translates to strong potential for significant return on investment. The asking price is $2,510,000. The property is situated in Blue Earth County, MN, zip code 56001. Further enhancing its appeal, additional land is available for purchase, providing opportunities for expansion or development of larger-scale projects. This is an exceptional chance to acquire a substantial commercial land holding in a thriving market. Serious inquiries are encouraged.

    Property Features for 2050 Madison Ave

    General Information

    Property type
    Land
    Lot Size
    501,811 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9438954
    Latitude
    44.1668197

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    FAQs

    What type of property is this?
    Land - Prime Mankato commercial land, 11.52 acres.
    Where is this land located?
    The property is located at 2050 Madison Ave Mankato, MN.
    What is the asking price?
    The asking price for this property is $2,510,000.
    (612) 709-1555
    Request Owner's contact information
    2050 Madison 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
    2050 Madison Ave Mankato, MN 56001
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