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    1801 Lor Ray Dr North Mankato, MN 56003

    • Land
    • 4.73 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1801 Lor Ray Dr

    Lot size
    4.73 lot acres
    Property type
    Land

    Description

    This exceptional 4.73-acre parcel, located at 1801 Lor Ray Drive in North Mankato, Minnesota (zip code 56003, APN 18.471.0130), presents a compelling investment opportunity. The property boasts a highly desirable location, offering convenient access to major transportation routes and essential utilities. Its expansive size allows for a wide range of development possibilities, catering to diverse land use projects. The favorable zoning regulations further enhance its appeal to forward-thinking investors seeking versatile investment potential. Situated in Nicollet County, this land provides ample space for various development schemes, from commercial ventures to residential projects, or even outdoor-oriented endeavors. The scenic surroundings contribute to its overall attractiveness. Priced at $1,400,000, this property represents a significant opportunity for those seeking a substantial land holding in a thriving Minnesota community. Its prime location and versatile potential make it an ideal choice for investors looking to capitalize on the growth and development opportunities within North Mankato. The property's accessibility and ample space make it a truly unique offering.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.0336
    Latitude
    44.1786

    Comparable in this City

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      VACANT COMMERCIAL LAND • 1.40 Acres
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      1.44 Acres

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      VACANT COMMERCIAL LAND • 1.44 Acres
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      3,344 SF

      521 Riverfront Dr

      Retail properties • 3,344 SF
      521 Riverfront Dr, Mankato, MN 56003
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    • Value Estimation by Request
      0.01 Acres

      1700 Pleasant Vw Dr

      COMMERCIAL (GENERAL) • 0.01 Acres
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      View Details

    Similar Nearby for Sale

    • $1,400,000

      North Mankato Land for Development

      Prime 4.73-acre land parcel with versatile development potential.
      1801 Lor Ray Dr, North Mankato, MN 56003
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    Similar Nearby for Lease

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      Renovated Office Space in Mankato

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      Modern Retail/Office/Medical Space Available

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      Premier commercial space with high visibility and build-to-suit options.
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    1801 Lor Ray Dr
    North Mankato, MN 56003
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    Realmo Value Estimation

    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.

    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.

    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
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