1801 Lor Ray Dr, North Mankato, MN 56003
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.
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
Similar Nearby for Lease
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.