Technical
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Property profile

59100 Madison Ave Mankato, MN 56001

OFF-MARKET
Land
19 ac lot
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Property summary

AI-generated overview

This exceptional 19-acre commercial and industrial land parcel presents a unique investment opportunity in Mankato, Minnesota. Strategically located on 59100 Madison Ave, Mankato, MN 56001, this property boasts unparalleled visibility due to its proximity to major thoroughfares: US 14 (17,000 ADT), CSAH 12 (3,400 ADT), and County Road 17 (5,300 ADT), as well as the new Adams Street extension. The site is situated on the thriving east side of Mankato, adjacent to a new residential subdivision across County Road 17, ensuring high traffic and excellent exposure. Further enhancing its appeal is the recent opening of a truck stop at the intersection of CSAH 12 and Adams Street, creating a dynamic and high-traffic commercial environment. The land is priced at $1,691,000, translating to $2 per square foot. While deferred water and sewer assessments totaling $217,421.75 are in place along the north and east property lines, this presents a significant advantage for future development. This property is ideal for a wide range of commercial and industrial uses, offering substantial potential for growth and return on investment in a rapidly developing area of Mankato. The Blue Earth County location provides access to a strong workforce and established infrastructure. This is a rare opportunity to acquire a large, well-located parcel in a thriving market.

Property profile

Verified
Property type Land
Lot 19 ac (827,640 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

59100 Madison Ave Mankato, MN 56001
Mankato metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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