59100 Madison Ave Mankato, MN 56001
- Land
- 19.00 lot acres
Current Use by Public Records
- Land
Property Details for 59100 Madison Ave
- Lot size
- 19.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9202
- Latitude
- 44.1678
