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    OFF-MARKET
    Land

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

    2.46 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.46-acre commercial lot, identified as Lot I within the Prairie Winds Development in Mankato, Minnesota, presents a unique investment opportunity. Located at the intersection of Hoffman Road and State Highway 22, this property boasts a highly desirable location within a thriving commercial area. The parcel is part of a larger, approximately 35-acre development that includes established businesses such as Kwik Trip, Nupa, and Hyland Dental, ensuring high visibility and convenient access for potential businesses. The site's zoning allows for a variety of uses, including retail, office, hospitality/restaurant, and childcare facilities. This strategic location benefits from proximity to existing and planned residential neighborhoods, creating a strong customer base and supporting a robust local economy. The planned addition of 180-200 units of luxury multi-family housing will further enhance the area's appeal and increase foot traffic. The property's Assessed Parcel Numbers (APNs) 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 and versatile zoning make this lot an ideal choice for developers and investors seeking a strong return on investment in a rapidly growing Mankato market. The property is situated in Blue Earth County, MN, zip code 56001.

    Property profile
    Verified
    Property type Land
    Lot 2.46 ac (107,158 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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