Current Use by Public Records
- Land
Property Details for 0 Tbd Xx Brink Trl
- Lot size
- 3.04 lot acres
- Property type
- Land
Description
This exceptional 3.04-acre commercial and residential land parcel presents a remarkable investment opportunity in Mankato, Minnesota. Located at the corner of Hoffman Road and CSAH 12, this strategically positioned site benefits from high visibility and accessibility, situated on the rapidly expanding east side of Mankato, near the Hoffman Highway 22 connection. The property is zoned B-3, allowing for a diverse range of commercial and residential uses, such as ground floor businesses with apartments or dwelling spaces above. A completed traffic study projects a significant increase in daily vehicle traffic, rising from 4,000 to 7,880 vehicles. The lot is fully prepared and ready for development, with assessments included, and anticipated completion by late September 2024. This "shovel-ready" status minimizes delays and maximizes return on investment. The property's prime location within an attractive commercial, retail, high-density, and residential development area ensures strong potential for future growth and appreciation. Additional acreage is available for purchase, with the possibility of combining parcels to create a larger development totaling over 100 acres, including 19 acres zoned for other uses. This presents a unique chance to acquire a significant land holding in a thriving Mankato market. The asking price for this exceptional opportunity is $2,000,000. The zip code is 56001, and the property is located in Blue Earth County.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9674
- Latitude
- 44.1223
