Property profile

1801 Lor Ray Dr North Mankato, MN 56003

FOR SALE
Commercial land
Property ID
US46-Q015432
4 SF
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Property summary

AI-generated overview

Property Description: At the intersection of US Hwy 14 and Lor Ray Dr. a prime location and expansive space, this property offers immense potential for versatile development projects. With convenient access to major transportation routes and essential utilities, it provides an ideal foundation for a diverse range of land uses. The property's favorable zoning regulations and versatile investment potential make it an enticing prospect for forward-thinking investors. Property Highlights: • Prime location in North Mankato • Ample space for versatile development • Proximity to major transportation routes • Potential for diverse land use • Favorable zoning regulations • Versatile investment potential • Scenic surroundings for outdoor projects Offering Summary: • Sale Price: $1,400,000 • Lot Size: 4.73 Acres

Property profile

Verified
Property type Commercial land
Total area 4 SF
UPID US46-Q015432

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1801 Lor Ray Dr North Mankato, MN 56003
North Mankato metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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