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    OFF-MARKET
    Land

    0 Hoffman Rd & State Hwy 22 -, Mankato, MN 56001

    2.43 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.43-acre parcel, identified as Lot J in the Prairie Winds Development, presents a remarkable opportunity in Mankato, Minnesota. Located at the intersection of Hoffman Road and State Highway 22, this residential land boasts a highly desirable location within a thriving community. The property is part of a larger, approximately 35-acre development that is strategically positioned adjacent to established residential areas and existing retail businesses, including Kwik Trip, Nupa, and Hyland Dental. The surrounding area is experiencing significant growth, with a planned multi-family housing development anticipated to add 180-200 luxury units. This development's strategic placement offers excellent visibility and accessibility, making it suitable for a variety of uses. The property's zoning allows for potential development including retail, office, hospitality/restaurant, and childcare facilities. The APN numbers for this property are R01.09.15.303.001, R01.09.15.301.001, R01.09.15.301.002, R01.09.15.302.001, R01.09.15.302.002, and R01.09.15.302.003. This prime location in Mankato, MN (zip code 56001), situated in Blue Earth County, offers unparalleled potential for investors and developers seeking a strong foothold in a rapidly expanding market. The coordinates are 44.1559816 latitude and -93.9489166 longitude.

    Property profile
    Verified
    Property type Land
    Lot 2.43 ac (105,851 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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