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    OFF-MARKET
    Land

    1801 Lor Ray Dr, North Mankato, MN 56003

    4.73 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 4.73 ac (206,039 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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