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Property profile & analytics
OFF-MARKET
Land

0 Tbd Hoffman Rd Mankato, MN 56001

43.19 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 43.19-acre land parcel in Mankato, Minnesota, presents a prime opportunity for residential development. Located on the north side of Hoffman Road's extension, the property boasts gorgeous natural and pond views on three sides. A preliminary plat has been approved for up to 34 single-family building sites, each measuring approximately 72' x 131'. The asking price of $3,200,000 includes finished lots and paid assessments. The development will feature a homeowner's association responsible for private road maintenance, snow removal, lawn care, and irrigation. Attractive floor plans and elevations will be available as an option for future builders. The property is zoned R2, and is "shovel ready" by late September 2024. Additional acreage is available for purchase, potentially totaling over 100 acres, including 19 acres zoned OR and two commercial lots. This development offers a unique blend of natural beauty and convenient access to Mankato amenities. The lots are designed to maximize natural light and water views, providing future residents with an idyllic living experience.

Property profile
Verified
Property type Land
Lot 43.19 ac (1,881,356 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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