Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mankato Land Parcel For Sale Title is generated by Realmo AI

    TBD #2 Adams Street, Mankato, MN 56001

    View on Map
    Claim this Listing
    For Sale
    $1,687,598

    COMMERCIAL - Mankato, MN

    Lot size:
    16.21 Acres
    Added:
    Jul 19, 2023
    Days on Market:
    1043
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for TBD #2 Adams Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R430910400007
    Lot size
    16.21 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    legal to govern
    Tax Annual Amount
    520

    We can help!

    Listing Contact
    CARLOS CARRERA
    CARLOS CARRERA

    Listing agent CARLOS CARRERA License #20451253

    Listing office RE/MAX DYNAMIC AGENTS 1720 Adams Street Suite 100, Mankato, MN

    Listing date Jul 19, 2023

    MLS# 7032870 Listing URL

    Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 16.21 Acre parcel with excellent visibility and accessibility.
    • Located along a busy four‑lane highway and newly extended Adams Street.
    • Suitable for commercial or light industrial use due to zoning.
    • Strategic position near a major roadway ensures constant traffic flow.
    • Area experiencing growth and economic activity with new businesses moving in.
    • Infrastructure improvements supported by local authorities.

    Overview

    This 16.21-acre parcel is located along a four-lane highway and the newly extended Adams Street, offering visibility and accessibility for commercial or light industrial use. Situated near a major roadway, the location benefits from a constant flow of traffic. The area has recently begun developing, with new businesses moving in and bringing economic activity and a range of services to the community. Local authorities and municipalities are supporting the area's growth and development by investing in infrastructure improvements, such as roads and utilities. The presence of the four-lane highway indicates that the region is well-connected and supported by a network of major transportation routes. Given its zoning, the land is suited for a range of business types, including manufacturing facilities, warehouses, showrooms, or service centers. It presents an investment opportunity for those looking to secure a long-term stake in a commercial or light industrial hub. The property is located in Mankato, Blue Earth County, Minnesota, with the postal code 56001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9302684
    Latitude
    44.1723992

    Nearby Similar for Sale

    • $350,000
      3,600 SF

      Mankato Commercial Package Opportunity

      Commercial building plus redevelopment site in Mankato, Minnesota.
      1618 And 1620 3rd Avenue, Mankato, MN 56001
      View Details
    • $1,199,000
      6,000 SF

      Victory Drive Commercial Opportunity

      Versatile commercial property with high visibility and income potential.
      219 S Victory Drive, Mankato, MN 56001
      View Details
    • $625,000
      8,208 SF

      Mankato Commercial Space For Sale

      8208 SF commercial space in Mankato's Contractors Park.
      1072 S Victory Drive, Mankato, MN 56001
      View Details
    • $445,000
      1,890 SF

      Mankato Home with Private Views

      Well-maintained home with quality finishes and secluded views.
      725 Augusta Drive, Mankato, MN 56001
      View Details
    • $579,900

      Mankato Office Space with Lake View

      Well-appointed office space with lake views and many amenities.
      75 Teton Lane, Mankato, MN 56001
      View Details
    • $2,100,000

      Mankato Apartment Building Investment

      28-unit apartment building with renovation opportunities near downtown Mankato.
      123 N 4th Street, Mankato, MN 56001
      View Details
    • $639,900
      2,552 SF

      Siesta Hills Townhome with Amenities

      Two-bedroom townhome in Siesta Hills with access to amenities.
      1046 Saba Boulevard, Mankato, MN 56001
      View Details
    • $639,900
      2,552 SF

      Siesta Hills Townhome

      Two-bedroom townhome in Siesta Hills community with luxury amenities.
      1042 Saba Boulevard, Mankato, MN 56001
      View Details
    • $639,900
      2,552 SF

      Siesta Hills Townhome

      Two-bedroom townhome in Siesta Hills community with luxury amenities.
      1048 Saba Boulevard, Mankato, MN 56001
      View Details
    • $1,195,000

      Renovated Mankato Townhome Quadplex

      Fully renovated, occupied 4-unit townhome with modern appeal and income stability.
      412 Holly Lane, Mankato, MN 56001
      View Details
    • $564,900

      Mankato Investment Property For Sale

      Investment property with four income streams in Mankato, Minnesota.
      520 S 2nd Street, Mankato, MN 56001
      View Details
    • $425,000

      Mankato Residential Package Opportunity

      Two residential properties in central Mankato with income and value-add potential.
      1614 And 1622 3rd Avenue, Mankato, MN 56001
      View Details

    FAQs

    What type of property is this?
    Commercial land - 16.21 acre commercial/light industrial land with high visibility.
    Where is this commercial land located?
    The property is located at TBD #2 Adams Street Mankato, MN.
    What is the asking price?
    The asking price for this property is $1,687,598.
    What are key features of this property?
    This property features: 16.21 Acre parcel with excellent visibility and accessibility.; Located along a busy four‑lane highway and newly extended Adams Street.; Suitable for commercial or light industrial use due to zoning.
    (507) 720-4663
    We can help!
    Listing Contact
    CARLOS CARRERA
    CARLOS CARRERA
    Real Estate License ID: 20451253
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TBD #2 Adams Street, Mankato, MN 56001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!