1056-B Victory Dr Mankato, MN 56001
This exceptional 3,040 square foot commercial property, located at 1056-B S Victory Drive in Mankato, Minnesota, presents a unique investment opportunity. Situated just off South Victory Drive, this special purpose land boasts a 38x80x16 foot building featuring a 14x14 overhead door with opener, a service door, a window, and full insulation. The building is equipped with a robust 100 amp electrical service, including two 50 amp 220-volt outlets and 110-volt outlets spaced every 10 feet along both walls. The floor is constructed of 6-inch reinforced concrete and includes a floor drain with a flammable waste trap. Modern LED lighting is installed throughout. A heated bathroom with a shower and a 10x12 office add to the functionality. The property's association fee conveniently covers snow removal, lawn care, and insurance, minimizing ongoing maintenance responsibilities. The asking price for this well-maintained and conveniently located property is $335,000. This property is zoned for commercial use and is ideal for a variety of businesses. The zip code is 56001, and the property is located in Blue Earth County.
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.