Property profile

0 Hwy 22 & Augusta Dr Mankato, MN 56001

OFF-MARKET
Land
2.16 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 2.16 ac (94,090 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hwy 22 & Augusta Dr Mankato, MN 56001
Mankato metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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