0 Hwy 22 & Augusta Dr, Mankato, MN 56001
This exceptional commercial land opportunity spans 16.55+ acres (with the option to purchase up to 18 acres) at the highly visible southeast corner of Hwy 22 and Augusta Drive in Mankato, Minnesota (zip code 56001). Situated in a rapidly expanding commercial and residential area on Mankato's hilltop, this property boasts excellent visibility and benefits from high regional traffic counts of 14,000 vehicles per day on MN Hwy 22, and proximity to US Hwy 14. The property is zoned for commercial use (APN: R43.09.03.300.009) and offers the flexibility to purchase the entire acreage or individual parcels within the larger site. This location presents a unique opportunity for developers seeking to capitalize on the growth in both commercial and residential sectors. The property's size, location, and zoning make it ideal for a variety of development projects. The land is currently vacant and ready for immediate development. Six individual parcels are available for purchase. Lot sizes range from 2.16 to 18 acres. This is a rare opportunity to acquire land in a thriving Mankato location.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.