19157 Rapidan Ave, Mankato, MN 56001
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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