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    OFF-MARKET
    Land

    0 Tbd Hoffman Rd, Mankato, MN 56001

    21.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 21.75-acre parcel in Mankato, Minnesota, presents a remarkable opportunity for residential development. Located on the desirable east side of Mankato, this shovel-ready property boasts a preliminary plat approval for up to 72 single-family building sites, each measuring 68' x 125'. The R2 zoning allows for a variety of residential construction. The lots are thoughtfully positioned to maximize natural light and scenic views, incorporating green space into the design. Attractive floor plans and elevations will be available as an option for future builders. A homeowner's association will provide convenient services including private road maintenance, snow removal, lawn care, and irrigation. The asking price includes finished lots and paid assessments. Completion is anticipated for late September 2024. This is an ideal investment for developers seeking a prime location in a rapidly growing area. Additional acreage is available, with options to acquire over 100 acres, including 19 acres zoned OR and two commercial lots. The property is conveniently located near Hoffman Road S, Mankato, MN 56001, in Blue Earth County.

    Property profile
    Verified
    Property type Land
    Lot 21.75 ac (947,430 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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