Property profile

1841 Premier Dr Mankato, MN 56001

FOR SALE
Drive through restaurants
Property ID
US46-0405735
612 SF 1.32 ac lot Built 2020
Entity Owned Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

1841 Premier Dr Mankato, MN 56001
Mankato metro Census 170200 MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2020
Price N/A
2020
Price N/A

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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