Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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