3021-F Evergreen Trl Mankato, MN 56001
This exceptional 25' x 50' garage condo, located at 3021-F Evergreen Trail in Mankato, Minnesota (zip code 56001), presents a unique investment opportunity. Situated in Mankato's newest garage condo development, easily accessible off Madison Avenue, past County Road 12, this all-steel structure boasts a 16-foot ceiling height, ensuring ample storage space. The unit includes a 12' x 14' overhead door with opener and windows, providing convenient access. A 36-inch walk door adds further accessibility. The reinforced concrete floor is equipped with a floor drain and a flammable waste trap for safety and practicality. Individual meters provide separate billing for gas, water, and electricity (100-amp service). Energy-efficient LED lighting is already installed. Buyers can customize their unit with optional features including heating and air conditioning, a bathroom, a mezzanine or loft, in-floor heating, additional windows, an office or lounge area, and connections for internet, cable TV, and phone service. This property is ideal for a variety of uses, from vehicle storage to workshop space, and represents a solid investment in a rapidly developing area. The property is classified as Special Purpose Land and is priced at $174,900.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.