Property profile

22989 Mn-22 Mankato, MN 56001

OFF-MARKET
Land
62.94 ac lot
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Property summary

AI-generated overview

This exceptional 62.94-acre agricultural property presents a unique investment opportunity. Strategically located in Section 34 of Lime Township, Blue Earth County, Minnesota, this farm enjoys a highly desirable location just outside the Mankato city limits, providing convenient access to local amenities while maintaining a rural setting. The property boasts two convenient access points directly from State Highway 22, ensuring easy accessibility for farming operations and transportation of goods. The land itself is well-maintained and features a comprehensive tile drainage system, promoting optimal soil conditions and efficient water management. A drainage ditch along the northern boundary further enhances drainage capabilities. The property's size and location make it ideal for a variety of agricultural uses, offering significant potential for farming, livestock grazing, or other agricultural ventures. The zip code is 56001. The property's coordinates are latitude 44.2079273 and longitude -93.948068. The asking price for this exceptional property is $1,485,000.

Property profile

Verified
Property type Land
Lot 62.94 ac (2,741,666 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22989 Mn-22 Mankato, MN 56001
Mankato metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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