Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2351 Victory Dr Mankato, MN 56001

    • Commercial real estate
    • 11.07 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Value Estimation
    $505,000
    Last Sale
    Dec 14, 2022
    $525,155
    Location Intelligence
    Property ID
    US46-3185871
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gas Equipment Company / Warehouse

    Property Details for 2351 Victory Dr

    Lot size
    11.07 lot acres
    Property type
    Commercial real estate
    APN
    R01.09.03.400.025
    APU
    R010903400025

    Description

    This newly developed industrial property in Mankato, Minnesota, offers 30,000 square feet of flexible and warehouse space for lease. Located at 2351 N Victory Dr, Mankato, MN 56001, this exceptional property boasts a total lot size of 50,000 square feet and was constructed in 2022. The building is divisible into multiple units, with a minimum leasable space of 5,060 square feet and a maximum contiguous space of 5,060 square feet. Currently, 10,120 square feet is available for lease. Each 5,060-square-foot unit includes a 1,000-square-foot finished office area with bathroom rough-ins, and 4,000 square feet of warehouse space. Convenient features include a loading dock and drive-in access for each unit. The building features an impressive 18-foot ceiling height and ample parking is provided. The property is served by 3-phase power and is situated in Blue Earth County. This prime location offers an excellent opportunity for businesses seeking modern, efficient, and well-equipped industrial space in a thriving Mankato market. Contact us today to learn more about leasing opportunities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $625,000
      6.5%
      $600,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $535,000
      Mixed-Use
      $615,000
      Hospitality
      $550,000
      Educational
      $525,000
      Residential Income
      $525,000
      Energy
      $575,000
      Income-Based Land
      $470,000
      Food Service
      $520,000

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9337
    Latitude
    44.1824
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $65,892
    $723,300
    $3,111,700
    $3,835,000
    -
    $723,300
    $3,111,700
    $3,835,000

    Comparable in this City

    • Value Estimation by Request
      16.93 Acres

      2 Adams St

      Land • 16.93 Acres
      2 Adams St, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      6.98 Acres

      1 St Andrews Dr

      Land • 6.98 Acres
      1 St Andrews Dr, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      1.01 Acres

      1521 Adams St

      Land • 1.01 Acres
      1521 Adams St, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      13.00 Acres

      1401 Victory Dr

      Land • 13.00 Acres
      1401 Victory Dr, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      22,840 SF

      19157 Rapidan Ave

      Specialty properties • 22,840 SF
      19157 Rapidan Ave, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      0.18 Acres

      1614 Riverfront Dr

      COMMERCIAL (GENERAL) • 0.18 Acres
      1614 Riverfront Dr, Mankato, MN 56001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.98 Acres

      Mankato Commercial Land - 6.98 Acres

      Prime Mankato commercial land, highway visibility.
      1 St Andrews Dr, Mankato, MN 56001
      View Details
    • $435,600
      2.00 Acres

      Shelby Commerce Park: 247,000 SF

      Modern industrial facility; ideal distribution/manufacturing.
      2 A Madison Ave, Mankato, MN 56001
      View Details
    • Contact for pricing
      2.46 Acres

      Prairie Winds Commercial Land

      Mankato, MN: Prime 2.46-acre lot.
      0 Hoffman Rd & State Hwy 22 -, Mankato, MN 56001
      View Details
    • $1,300,000

      Mankato Land: 8.8 Acres, Mixed Use

      Prime 8.8-acre Mankato land, multiple development options.
      190 Augusta Ct, Mankato, MN 56001
      View Details
    • Contact for pricing
      16.93 Acres

      Ford Road Medical Office Space

      8,800 SF Medical Office, Wayne County
      2 Adams St, Mankato, MN 56001
      View Details
    • Contact for pricing
      37.21 Acres

      Highway 22 Mankato Development Land

      37 Acres, Build-Ready Commercial Land
      22 Land, Mankato, MN 56001
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      6,490 SF

      Mankato Office Space For Lease

      West Mankato Office, High Visibility
      530 Pleasant St, Mankato, MN 56001
      View Details
    • $15 SF/Yr
      115,875 SF

      Repurposed Entertainment and Restaurant Hub

      Family entertainment and restaurant hub with diverse leasing options.
      1850 Madison Ave, Mankato, MN 56001
      View Details
    • Contact for pricing
      5,852 SF

      QSR/Cafe End Cap Retail

      Prime retail opportunity with maximum exposure and accessibility.
      511 Holly Ln, Mankato, MN 56001
      View Details
    • $10 SF/Yr
      331,604 SF

      Madison East Center Retail Space

      Repurposed retail property with medical-retail focus, office and retail spaces.
      1400 Madison Ave, Mankato, MN 56001
      View Details
    • Contact for pricing
      4,367 SF

      Retail Space Near River Hills

      Retail space with high visibility and easy access near mall.
      1840 Adams St, Mankato, MN 56001
      View Details
    • $8 SF/Yr

      Prime Retail Space in Mankato

      Located in downtown Mankato with high traffic and accessibility.
      615 S Front St, Mankato, MN 56001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2351 Victory Dr
    Mankato, MN 56001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.