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Property profile & analytics
OFF-MARKET
Specialty properties

19157 Rapidan Ave Mankato, MN 56001

22,840 SF 4.66 ac lot Built 1922
Property ID
US46-1257144
Property summary
AI-generated overview

This exceptional 22,840-square-foot property presents a remarkable adaptive reuse opportunity. The historic school building, constructed in 1922, features two stories and a basement, offering significant potential for redevelopment. Situated on a 4.66-acre lot at 19157 Rapidan Ave in Rapidan Township, Mankato, Minnesota (zip code 56001), this property enjoys high visibility and a prime location. The building's unique character and substantial size provide a blank canvas for creative vision. Investors can explore significant financial advantages through available tax write-offs and grants designed to support adaptive reuse projects of this nature. The property includes one loading dock. Its proximity to local attractions such as Mount Kato, Red Jacket Trail, and Minneopa State Park and Falls adds to its appeal. This is a strategic restoration project with the potential for substantial returns. The property is zoned for special purpose use. This is a rare chance to acquire a piece of history and transform it into a thriving venture. Serious inquiries only.

Property profile
Verified
Property type Specialty properties
Year built 1922
Total area 22,840 SF
Lot 4.66 ac (202,990 SF)
UPID US46-1257144
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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