1601 Lor Ray Dr, North Mankato, MN 56003-2803
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.