110 Lind StMankato, MN 56001

  • Other commercial real estate
  • 141,356 SF
For Sale
$2,400,000 View listing

Property Details for 110 Lind St

Year built
1965
Lot size
15.75 AC
Property size (Sq ft)
141,356 SF
Property type
Other commercial real estate
APN
R01.08.01.251.005
APU
R010801251005

Description

This exceptional 15.75-acre development land parcel presents a compelling investment opportunity in Mankato, Minnesota. Located at 110 W Lind St, this flat lot boasts unparalleled visibility due to its proximity to Highways 169 and 14, experiencing a high volume of daily traffic (62,000 vehicles per day). While requiring the removal of an existing building and environmental remediation, the potential rewards are significant. The site's advantageous location offers easy access to both St. Peter and North Mankato, enhancing its appeal for a variety of development projects. Currently, the possibility of utilizing a Tax Increment Financing (TIF) district and Brownfield redevelopment opportunities are under exploration, potentially offering substantial financial incentives. Although previously listed, the seller's renewed commitment to a sale makes this a timely and attractive proposition for discerning investors seeking a large, highly visible tract of land in a thriving Minnesota market. The property is situated in Blue Earth County, Mankato, MN 56001. This is a rare chance to acquire a significant piece of land with considerable development potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,633,776
    Hospitality
    $24,396,396
    Educational
    $20,297,514
    Medical
    $20,995,576
    Retail
    $31,573,912
110 Lind St, Mankato, Minnesota

Location Insight

City
Mankato
County
Blue Earth
State
Minnesota
Latitude
44.1889
Longitude
-94.0173
CBSA code
31860
CBSA name
MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,364
$901,400
$238,400
$1,139,800
-
$901,400
$238,400
$1,139,800

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].