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$ 2,000,000
Est. payment /mo
Active
3 Market Way Mankato, MN 56001
3.04 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7039672
Lot Size 3.040 Acres
Acres 3.04
Lot Dimensions 469x313x508x247
Property Sub-Type Commercial
Property Description
Positioned at the gateway to one of the fastest growing areas of Mankato, this exceptional development opportunity blends visible commercial potential with built in multifamily demand. Anchored at a prominent roundabout entrance, this site offers terrific exposure and accessibility, ideal for retail, service, grocers, clinics and convenience oriented users looking to capture daily traffic from over 800 new households within blocks. The surrounding neighborhood is rapidly taking shape, with additional high density housing and a middle school driving consistent daytime and evening activity. The offering includes plans for the capacity of 61 multifamily units, creating an immediate on site customer base and long-term value through mixed use synergy. Residents and nearby rooftops benefit from close proximity to other major retail and shopping destinations within one mile, along with convenient access to regional healthcare just 2.7 miles away and Minnesota State University, Mankato only 3.4 miles from the site. Located on the highly desirable east side of Mankato, this corridor continues to see strong residential and commercial expansion, making it a strategic location for forward thinking developers and operators. The site is construction ready July 2026, with infrastructure and grading already included, significantly reducing upfront costs and accelerating your timeline. Mankato serves as a regional hub supporting a trade area of approximately 1.6 million people for employment, shopping, and entertainment in Southern MN and Northern IA, and yet just over an hour to the Twin Cities. This is a rare opportunity to establish a presence at the front door of growth where rooftops, traffic, and demand are already in motion.
Location
State MN
County Blue Earth County
Area Mankato Hilltop
Exterior
Utilities Available Broadband, Cable TV, City Water, City Sewer, Electric, Natural Gas, Storm Sewer, Telephone, City Garbage
Topography Level
Improvements Curbs/Gutters,Paved,Private,Street Lights
Building
Lot Description Paved Streets, Telephone, Underground Utilities
Schools
School District Mankato #77
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Re/Max Advantage Plus Mankato
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