1841 Premier DrMankato, MN 56001

Property Details for 1841 Premier Dr

Year built

2020

Lot size

1.32 AC

Property size (Sq ft)

612 SF

Property type

Drive through restaurants

APN

R01.09.09.227.006

APU

R010909227006

Description

This exceptional 0.75-acre commercial land parcel presents a unique investment opportunity in Mankato, Minnesota. Located at 1841 Premier Dr, within the B-3 Highway Business District (APN R010909227006), this property boasts an enviable position alongside major big-box retailers on Highway 22. Specifically situated in front of Fleet Farm, between Victory Drive and Highway 14, the lot benefits from exceptionally high traffic counts generated by the surrounding commercial activity and convenient access for shoppers and commuters. The property's strategic placement ensures significant visibility and accessibility, making it an attractive location for a variety of commercial ventures. This prime location offers easy ingress and egress, contributing to its overall appeal and potential for strong returns. The property's zoning designation, B-3 Highway Business District, allows for a wide range of commercial uses, providing flexibility for potential developers. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a thriving retail corridor. Don't miss this chance to capitalize on this exceptional location.

• CAP approach

  CAP return

  Valuation

  6%

  $148,091

  6.5%

  $136,699

  7%

  $126,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $78,716

  Geo Method

  $78,716

• Alternative Use

  Use

  Valuation

  Residential

  $115,311

  Hospitality

  $105,624

  Educational

  $87,878

  Medical

  $90,900

  Retail

  $136,699

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1789

Longitude

-93.95

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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