0 Agency Trl, Mankato, MN 56001
This exceptional 1.44-acre parcel, located in the thriving Mankato Hilltop area, presents a remarkable investment opportunity. The property, designated as Willow Brook Subdivision, includes five finished multi-family (R3) building lots and an additional outlot (Lot A). Situated conveniently between Hoffman Road and Balcerzak Drive, with frontage on Victory Drive, this location offers unparalleled access and visibility. The land is completely build-ready, eliminating lengthy preparation delays and allowing for immediate project commencement. Zoned for multi-family use, this property is ideally suited for the development of apartments or student housing, catering to the growing demand in Mankato's expanding residential market. The asking price for the entire 1.44-acre parcel encompassing five lots and outlot A is $450,000. This represents a significant opportunity to capitalize on Mankato's robust real estate market and create a substantial return on investment. The property's strategic location and build-ready status make it an attractive proposition for developers seeking a quick and efficient path to profitability. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a prime piece of Mankato real estate.
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.