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Investment Highlights

  • Great Visibility from Hwy 14
  • Growing Commercial Area in Hilltop Mankato
  • High Traffic Counts
  • ?Phase 1 Assessments Complete

Executive Summary

This site is located in a rapidly growing commercial development area on Mankato’s hilltop and surrounded by many national and local retailers. With excellent visibility from all directions and high regional traffic from Hwy 14 and North Victory Drive, this land is a prime location for a wide variety of development ventures. Option to purchase smaller parcels is available.

Property Facts

Price $260,000 - $7,337,035
Sale Type Investment
Sale Condition Build to Suit
No. Lots 9
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Auto Dealership
  • Auto Repair
  • Bank
  • Convenience Store
  • Drugstore
  • Fast Food
  • Hotel
  • Motel
  • Office Park
  • Restaurant
  • Service Station
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 20.04 AC
Zoning 3A - Highway Commercial

9 Lots Available

Lot 1

Price $737,035
Price Per AC $522,719.86
Lot Size 1.41 AC

PENDING

Lot 2

Price $876,000
Price Per AC $500,571.43
Lot Size 1.75 AC

PENDING

Lot 4

Price $525,000
Price Per AC $391,791.04
Lot Size 1.34 AC

Block 2 - Lot 4 $9.00 SF

Lot 5

Price $389,000
Price Per AC $392,929.29
Lot Size 0.99 AC

Block 2 - Lot 5 $9.00 SF

Lot Outlot C

Price $800,000
Price Per AC $392,156.86
Lot Size 2.04 AC

Block 2 - Outlot C $9.00 SF

Lot Outlot D

Price $2,650,000
Price Per AC $304,597.70
Lot Size 8.70 AC

Block 2 - Outlot D $7.00 SF

Lot 8

Price $260,000
Price Per AC $346,666.67
Lot Size 0.75 AC

Block 3 - Lot 1 $8.00 SF

Lot 9

Price $320,000
Price Per AC $390,243.90
Lot Size 0.82 AC

Block 3 - Lot 2 $9.00 SF

Lot 10

Price $780,000
Price Per AC $348,214.29
Lot Size 2.24 AC

Block 3 - Outlot B $8.00 SF

Description

This prime highway commercial land offers an exceptional development opportunity with only 7 lots left available along Highway 14 and North Victory Drive in Mankato, MN. Situated in a rapidly growing commercial district on Mankato’s hilltop, the site is surrounded by a strong mix of national and local retailers, creating a vibrant environment for business success. With excellent visibility from multiple directions and exposure to high regional traffic from both Highway 14 and Victory Drive, this land is ideally positioned for retail, service, hospitality, or mixed-use ventures. Phase I environmental assessments are complete, and roadways and access are already in place, ensuring a streamlined path for development.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R01.09.09.102.005
  • R01.09.09.102.004
Land Assessment
$742,300
Improvements Assessment
$0
Total Assessment
$742,300
  • Listing ID: 29634106

  • Date on Market: 9/27/2023

  • Last Updated:

  • Address: US Highway 14 & Victory Drive, Mankato, MN 56001

Contact the Sale Advisor

US Highway 14 & Victory Drive - Interchange Developers

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