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    110 Lind St Mankato, MN 56001

    Sponsored
    For Sale
    $2,400,000

    Prime Mankato development land, high visibility, motivated seller.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15.75-acre development land parcel presents a compelling investment opportunity in Mankato, Minnesota. Located at 110 W Lind St, this flat lot boasts unparalleled visibility due to its proximity to Highways 169 and 14, experiencing a high volume of daily traffic (62,000 vehicles per day). While requiring the removal of an existing building and environmental remediation, the potential rewards are significant. The site's advantageous location offers easy access to both St. Peter and North Mankato, enhancing its appeal for a variety of development projects. Currently, the possibility of utilizing a Tax Increment Financing (TIF) district and Brownfield redevelopment opportunities are under exploration, potentially offering substantial financial incentives. Although previously listed, the seller's renewed commitment to a sale makes this a timely and attractive proposition for discerning investors seeking a large, highly visible tract of land in a thriving Minnesota market. The property is situated in Blue Earth County, Mankato, MN 56001. This is a rare chance to acquire a significant piece of land with considerable development potential.

    Property Features for 110 Lind St

    General Information

    Property type
    Commercial land
    Lot Size
    686,070 SF

    HighLights

    • Generous, level lot.
    • High visibility from major thoroughfare.
    • Potential Tax Increment Financing (TIF) incentives available.
    • Excellent location, convenient to St. Peter and North Mankato.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy 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
    -94.017307
    Latitude
    44.188895

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    FAQs

    What type of property is this?
    Commercial land - Prime Mankato development land, high visibility, motivated seller.
    Where is this commercial land located?
    The property is located at 110 Lind St Mankato, MN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Generous, level lot.; High visibility from major thoroughfare.; Potential Tax Increment Financing (TIF) incentives available.
    (507) 317-2353
    Request Owner's contact information
    110 Lind St 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
    110 Lind St Mankato, MN 56001
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