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586th Ave
Mankato, MN 56001

Hoffman Rd/County 12 Development · Land For Sale · 16.35 AC

Investment Highlights

  • Close to utility access -- less infrastructure costs for developers
  • Prime development opportunity offering flexibility in Parcel sizes.
  • New County Road 12 with roundabouts linking quick access to medical clinics, retail, schools and offices
  • Close to new school and housing development

Executive Summary

This PRIME LAND near the Justice Center and MNDOT is ready for development. Formerly zoned agricultural, it is now ready for Mankato’s East Expansion. Currently 16.35 acres, it can be combined with the adjacent 20 Acres to the North or subdivided for smaller development projects. Ideal location for development of multi-family housing, patio homes, churches, offices, and senior housing.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 16.35 AC

1 Lot Available

Lot

Price $3,291,760 CAD
Price Per AC $201,331 CAD
Lot Size 16.35 AC

Area Description: This land is ideally located at the roundabout located at the NE corner of Hoffman Road that connects to Hwy 22, and County Road 12 which connects to Madison Avenue. VPD on Hwy 22 is 15,400, Madison Avenue is 16,600 and County Rd 1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R43-09-15-300-002
Land Assessment
$1,024,741 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,024,741 CAD
  • Listing ID: 27304596

  • Date on Market: 2022-12-13

  • Last Updated:

  • Address: 586th Ave, Mankato, MN 56001

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