0 Excel Dr Mankato, MN 56001
This exceptional 4.22-acre (183,823 square feet) commercial lot, located on Excel Drive in Mankato, Minnesota, presents a unique development opportunity. Zoned B3 Commercial, it's ideally suited for a variety of uses, including retail, office, or mixed-use projects. The property boasts a prime location with convenient access to Highways 22 and 14, ensuring high visibility and easy accessibility. Its strategic placement near major retailers such as Menards, FedEx, Hy-Vee, and River Hills Mall guarantees significant foot traffic and brand synergy. The flat, readily accessible terrain simplifies development, and the presence of nearby utilities further streamlines the construction process. This versatile parcel offers developers and investors an outstanding chance to capitalize on Mankato's thriving commercial market. The property's APN is R01.09.03.378.002. This is a ready-to-develop site with excellent visibility and potential for significant return on investment. The asking price is $1,150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.