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    FOR SALE
    Drive through restaurants

    Premier Dr, Mankato, MN 56001

    612 SF 1.32 ac lot Built 2020
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US46-0405735
    Property summary
    AI-generated overview

    This exceptional 0.75-acre commercial land parcel presents a unique investment opportunity in Mankato, Minnesota. Located at 1841 Premier Dr, within the B-3 Highway Business District (APN R010909227006), this property boasts an enviable position alongside major big-box retailers on Highway 22. Specifically situated in front of Fleet Farm, between Victory Drive and Highway 14, the lot benefits from exceptionally high traffic counts generated by the surrounding commercial activity and convenient access for shoppers and commuters. The property's strategic placement ensures significant visibility and accessibility, making it an attractive location for a variety of commercial ventures. This prime location offers easy ingress and egress, contributing to its overall appeal and potential for strong returns. The property's zoning designation, B-3 Highway Business District, allows for a wide range of commercial uses, providing flexibility for potential developers. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a thriving retail corridor. Don't miss this chance to capitalize on this exceptional location.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2020
    Total area 612 SF
    Lot 1.32 ac (57,499 SF)
    APN R01.09.09.227.006
    UPID US46-0405735
    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
    Current use
    Occupant on record · Public records
    • Caribou Coffee Cafe & Coffee Shop
    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
    by Request
    Owner & transaction history
    10744 Hole LLC
    10744 Hole LLC
    since 2025
    5 recorded transactions
    2025
    2024
    2024
    2020
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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