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    Mankato MN Xxx Tullamore St Mankato, MN 56001

    Sponsored
    For Sale
    $1,624,350

    6.78 Acres, Prime Hilltop Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.78-acre commercial land parcel presents a remarkable investment opportunity in Mankato, Minnesota's thriving Hilltop district. Strategically located between Victory Drive, Highway 14, and Madison Avenue, this property enjoys unparalleled access and visibility within one of Mankato's fastest-growing commercial areas. Surrounded by established residential communities, a major shopping mall, diverse retail options, restaurants, banks, and professional services, this site offers immediate access to a substantial customer base. The property is zoned B-1, Community Business, allowing for a wide array of development possibilities, including retail, office, institutional uses, and limited light industry, making it ideal for a variety of commercial ventures. Water and sewer connections are readily available. The parcel, identified as Lot 1, Block 2, Elwin Addition No. 2, and bearing the APN R01-09-09-353-018, is offered at $1,624,350. The possibility of creating larger parcels through a lot split may also be explored. This prime location and flexible zoning regulations make this an exceptional opportunity for developers seeking a high-impact commercial project in a dynamic and rapidly expanding market. The property's central location and proximity to major thoroughfares ensure high visibility and convenient access for businesses and customers alike.

    Property Features for Mankato MN Xxx Tullamore St

    General Information

    Property type
    Land
    Lot Size
    295,337 SF

    HighLights

    • $1,624,350 asking price for 6.78 acres of commercial land.
    • Located in Mankato, MN, in a rapidly growing commercial district near Hwy 14.
    • B‑1 Community Business zoning, allowing for retail, office, institutional, and light industrial uses.
    • Water and sewer connections available.
    • APN: R01‑09‑09‑353‑018.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9631797
    Latitude
    44.1681714

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    FAQs

    What type of property is this?
    Land - 6.78 Acres, Prime Hilltop Location
    Where is this land located?
    The property is located at Mankato MN Xxx Tullamore St Mankato, MN.
    What is the asking price?
    The asking price for this property is $1,624,350.
    What are key features of this property?
    This property features: $1,624,350 asking price for 6.78 acres of commercial land.; Located in Mankato, MN, in a rapidly growing commercial district near Hwy 14.; B-1 Community Business zoning, allowing for retail, office, institutional, and light industrial uses.
    (507) 345-8783
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    Mankato MN Xxx Tullamore 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
    Mankato MN Xxx Tullamore St Mankato, MN 56001
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