1601 Lor Ray Dr North Mankato, MN 56003-2803
Property profile & analytics
1601 Lor Ray Dr North Mankato, MN 56003-2803
- Drive through restaurants
- 2,655 SF
- 0.80 lot acres
Property ID
US46-2390116
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.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 1601 Lor Ray Dr
- Year built
- 1988
- Lot size
- 0.80 lot acres
- Property size
- 2,655 SF
- Property type
- Drive through restaurants
- APN
- 18.714.0020
- APU
- 187140020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- North Mankato
- County
- Nicollet
- State
- Minnesota
- Longitude
- -94.0341
- Latitude
- 44.1755
- 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
2023
$12,096
$166,000
$284,400
$450,400
-
$166,000
$284,400
$450,400
