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    0 Evergreen Trl, Mankato, MN 56001

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    This exceptional 25' x 50' garage condo, located at 3021-E 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, just past County Road 12, this all-steel structure boasts a 16-foot ceiling height. The unit features a 12' x 14' overhead door complete with an opener and windows, providing ample access. A 36-inch walk door adds convenience. The reinforced concrete floor includes a floor drain and a flammable waste trap. Individual meters ensure separate billing for gas, water, and electricity (100-amp service). Energy-efficient LED lighting is already installed. Potential buyers should note that this unit is currently unheated and uncooled, but optional features such as heating and air conditioning, a bathroom, mezzanine or loft, in-floor heat, additional windows, an office or lounge area, and internet, cable TV, and phone service are available. This property is a blank canvas for a variety of uses, from storage to a workshop, or even a small business. The property is classified as Special Purpose Land and is part of a commercial development. The asking price is $174,900.

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    Property type Specialty properties
    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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