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    OFF-MARKET
    Drive through restaurants

    1601 Lor Ray Dr, North Mankato, MN 56003-2803

    2,655 SF 0.8 ac lot Built 1988
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-2390116
    Property summary
    AI-generated overview

    This vacant 2,679 square foot storefront, formerly a Taco John's, presents a prime retail opportunity in North Mankato, Minnesota. Located at 1601 Lor Ray Dr, 56003, this property sits on a 0.8-acre lot and enjoys excellent visibility and accessibility. Its strategic location offers easy access to Highway 14, ensuring high traffic volume and exposure to a substantial customer base. The property benefits from its proximity to a variety of established national retailers, including Shell, Starbucks, Walgreens, Dollar Tree, and Chipotle Mexican Grill, creating a synergistic retail environment. North Mankato, with a population of 14,275 (2020 Census), offers a thriving market for retail businesses. The property's size and location make it suitable for a wide range of retail concepts. This is an exceptional chance to establish a business in a high-demand area with strong existing retail presence and convenient highway access. The property is currently vacant, providing immediate occupancy for a new tenant. The 0.8-acre lot offers ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-situated retail space in a growing Minnesota community.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1988
    Total area 2,655 SF
    Lot 0.8 ac (34,935 SF)
    APN 18.714.0020
    UPID US46-2390116
    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Benesch Properties LLC · 1 yrs held
    Benesch Properties LLC
    since 2025
    Last sale
    $430,000
    6 recorded transactions
    2025
    $430,000
    2024
    $262,500
    2023
    2019
    $700,000
    2018
    $700,624
    2018
    $684,212
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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