Financial
Distress signals
Property profile

1601 Lor Ray Dr North Mankato, MN 56003

OFF-MARKET
Drive through restaurants
Property ID
US46-2390116
2,655 SF 0.8 ac lot Built 1988
Last sale Apr 2025 · $430,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a vacant retail storefront with 2,679 square feet of space located at 1601 Lor Ray Dr in North Mankato, Minnesota, on an approximately 0.8-acre site. The building is identified as a former Taco John’s location and is configured as a commercial retail storefront suitable for a future retail tenant or owner-user. It is situated near Highway 14 within an established commercial area and is surrounded by nearby retail businesses, including Shell, Starbucks, Walgreens, Dollar Tree, and Chipotle Mexican Grill.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$450k
Assessed land$166k
Assessed improvement$284k
Effective rate2.69%

Value estimate

· Sep 2026
$370k
$333k – $407k
AI approach$380k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNICOLLET

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.7
Auto Parts Store10.2
Electrical Service9.7

Location

1601 Lor Ray Dr North Mankato, MN 56003-2803
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
231 Belgrade, North Mankato, MN 56003-3803 $295,000 Apr 2025 2,250 SF
1745 Commerce, North Mankato, MN 56003-1802 $625,000 Apr 2025 3,110 SF
1760 Commerce, North Mankato, MN 56003-1803 $775,000 Oct 2024 3,560 SF
232 Belgrade, Mankato, MN 56003-3802 $280,000 Apr 2024 2,442 SF
1711 Lor Ray, North Mankato, MN 56003-1940 $700,000 Mar 2024 2,400 SF
1661 Commerce, North Mankato, MN 56003-1913 $465,000 Jul 2021 2,452 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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