Mankato MN Xxx Tullamore St, Mankato, MN 56001
This exceptional 6.78-acre commercial land parcel presents a remarkable investment opportunity in Mankato, Minnesota's thriving Hilltop district. Strategically located between Victory Drive, Highway 14, and Madison Avenue, this property enjoys unparalleled access and visibility within one of Mankato's fastest-growing commercial areas. Surrounded by established residential communities, a major shopping mall, diverse retail options, restaurants, banks, and professional services, this site offers immediate access to a substantial customer base. The property is zoned B-1, Community Business, allowing for a wide array of development possibilities, including retail, office, institutional uses, and limited light industry, making it ideal for a variety of commercial ventures. Water and sewer connections are readily available. The parcel, identified as Lot 1, Block 2, Elwin Addition No. 2, and bearing the APN R01-09-09-353-018, is offered at $1,624,350. The possibility of creating larger parcels through a lot split may also be explored. This prime location and flexible zoning regulations make this an exceptional opportunity for developers seeking a high-impact commercial project in a dynamic and rapidly expanding market. The property's central location and proximity to major thoroughfares ensure high visibility and convenient access for businesses and customers alike.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.