110 Lind St Mankato, MN 56001
- Commercial real estate
- 141,356 SF
- 15.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 110 Lind St
- Year built
- 1965
- Lot size
- 15.75 lot acres
- Property size
- 141,356 SF
- Property type
- Commercial real estate
- APN
- R01.08.01.251.005
- APU
- R010801251005
Description
This exceptional 15.75-acre development land parcel presents a compelling investment opportunity in Mankato, Minnesota. Located at 110 W Lind St, this flat lot boasts unparalleled visibility due to its proximity to Highways 169 and 14, experiencing a high volume of daily traffic (62,000 vehicles per day). While requiring the removal of an existing building and environmental remediation, the potential rewards are significant. The site's advantageous location offers easy access to both St. Peter and North Mankato, enhancing its appeal for a variety of development projects. Currently, the possibility of utilizing a Tax Increment Financing (TIF) district and Brownfield redevelopment opportunities are under exploration, potentially offering substantial financial incentives. Although previously listed, the seller's renewed commitment to a sale makes this a timely and attractive proposition for discerning investors seeking a large, highly visible tract of land in a thriving Minnesota market. The property is situated in Blue Earth County, Mankato, MN 56001. This is a rare chance to acquire a significant piece of land with considerable development potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $955,000
- 7%
- $885,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $835,000
- Geo Method
- $800,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $750,000
- Retail
- $760,000
- Mixed-Use
- $895,000
- Hospitality
- $765,000
- Educational
- $800,000
- Residential Income
- $965,000
- Energy
- $745,000
- Income-Based Land
- $925,000
- Food Service
- $910,000
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -94.0173
- Latitude
- 44.1889
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA