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Investment Highlights

  • US-169 Visibility
  • 30,000+ VPD
  • Purchase Land or Build to Suit Options
  • Adjacent 72 New Construction Multi-Family Units
  • Excellent QSR/Drive-Thru Opportunity

Executive Summary

The property is located at 1235 Range Street in Mankato, Minnesota, just off the high-profile US-169/US-14 interchange that serves as a primary north–south and east–west connection for the Greater Mankato trade area. US-169 is undergoing a MnDOT-led revitalization project in 2027–2028 that will reconstruct the highway, add modern roundabouts, improve intersection spacing, and upgrade pedestrian and bicycle facilities between Belgrade Avenue and north of Highway 14. As part of these improvements, new local street connections and a roundabout near the US-169/US-14 system will simplify access to Range Street and enhance circulation directly around the site. This location benefits from strong regional traffic patterns, with US-169 functioning as the primary route between Mankato/North Mankato and communities to the north and south, while US-14 provides fast, four-lane access east–west across southern Minnesota. The site is minutes from downtown Mankato, regional retail centers, and key employment hubs, and it is supported by dense surrounding residential neighborhoods and new multifamily development immediately adjacent. For an operator seeking a highly visible, easily accessible pad in a growing commercial node, this corridor offers one of the area’s most compelling long-term positions.

Property Facts

Price $795,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 1.04 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $795,000
Price Per AC $764,423.08
Lot Size 1.04 AC

1 Acre Parcel ready for development. Owners can build-to-suit or will sell the parcel. This block is the first re-development along the US-169 Corridor, giving this retail/office pad prime visibility and access for a full drive thru.

Description

Position your business for long-term success on one of Greater Mankato’s most heavily traveled commuter corridors. This ±1.04 acre retail pad development site offers outstanding visibility along US-169 with direct, signalized access via the US-14/US-169 interchange area and Range Street, placing a future user in the heart of Mankato’s growing north gateway. Beginning in 2027, MnDOT’s planned revitalization of US-169 through Mankato and North Mankato will invest tens of millions of dollars into pavement, safety and access upgrades between Belgrade Avenue and north of Highway 14, enhancing traffic operations, wayfinding and access to adjacent development sites. This property is positioned to directly benefit from that work, including a new roundabout and reconfigured local circulation that will create approximately one acre of immediate, convenient access off US-169 and improve approach routes for customers and delivery traffic. With daily traffic counts along the US-169/US-14 corridor exceeding 30,000 vehicles, the site delivers exceptional exposure for a quick-service restaurant, coffee or drive-through user, medical/retail service provider, or small multi-tenant strip concept. The parcel sits adjacent to 72 new-construction multifamily units and is surrounded by established residential neighborhoods, employment centers and regional retail, creating a strong daytime population and repeat customer base. Flexible options exist to either purchase the land outright or pursue a build-to-suit structure with an experienced local development team.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 35575817

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 1235 Range St, Mankato, MN 56001

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