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Investment Highlights

  • 14,000+ VPD on MN Hwy 22
  • Six Parcels Available
  • Rapidly Expanding Commercial Area
  • Growing Residential Area

Executive Summary

Prime 18-acre commercial development opportunity at the southeast corner of Highway 22 and Augusta Drive in Mankato. The property is currently platted into six commercial lots totaling approximately 18 gross acres and offers approximately 16.55 net developable acres after accounting for the platted Firestone Drive.

Available for purchase as the entire development site or as six individual lots ranging from approximately 2.16 to 4.21 acres. The site features established access from Augusta Drive, utilities available to the site, excellent visibility, and approximately 14,000 vehicles per day along Highway 22.

Surrounded by established commercial development, including Kwik Trip, The Paw Pet Resort, R. Henry Construction, TDE – The Design Element, Storage Lounge, Motel 6, Mankato Clinic Wickersham Campus, and nearby residential growth, this property is well positioned for retail, office, medical, hospitality, multifamily, or mixed-use development.

Property Facts

Price $993,932 - $6,458,473 CAD
Sale Type Investment
No. Lots 6
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Auto Dealership
  • Auto Repair
  • Bank
  • Bar
  • Bowling Alley
  • Carwash
  • Community Centre
  • Tienda de conveniencia
  • Daycare Centre
  • Department Store
  • Distribution
  • Drugstore
  • Fast Food
  • Food Processing
  • Garden Centre
  • General Freestanding
  • Healthcare
  • Health Club
  • Hold For Development
  • Hospital
  • Hotel
  • Lodge or Meeting Hall
  • Medical
  • Motel
  • Outlet Centre
  • Regional Mall
  • Rehabilitation Centre
  • Religious Facility
  • Restaurant
  • Retail Warehouse
  • Self Storage
  • Service Station
  • Specialty, Festival or Entertainment
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Centre
  • Supermarket
  • Truck Stop
  • Truck Terminal
  • Veterinarian or Kennel
Total Lot Size 16.56 AC
Zoning 3B - Highway Commercial (B-3) permitting retail, office, medical, hospitality, restaurants, automotive sales, service businesses & multifamily.

6 Lots Available

Lot 1

Price $1,191,582 CAD
Price Per AC $549,116.36 CAD
Lot Size 2.17 AC

$8.95/SF. Premier hard corner at Hwy 22 & Augusta Dr with maximum visibility, excellent access and signage opportunities. Seller to complete Phase 1 improvements, creating a shovel-ready commercial site.

Lot 2

Price $1,057,776 CAD
Price Per AC $487,454.35 CAD
Lot Size 2.17 AC

$7.95/SF. Prime Hwy 22 frontage with outstanding visibility and future Firestone Drive access. Ideal for retail, medical, office or service users. Seller to complete Phase 1 public improvements.

Lot 3

Price $1,002,845 CAD
Price Per AC $460,020.57 CAD
Lot Size 2.18 AC

$7.50/SF. High-visibility commercial lot with Hwy 22 frontage and future Firestone Drive access. Well suited for office, medical, retail and professional services. Seller to complete Phase 1 public improvements.

Lot 4

Price $993,932 CAD
Price Per AC $460,153.66 CAD
Lot Size 2.16 AC

$7.50/SF. Commercial development lot with Hwy 22 frontage, excellent visibility and Firestone Drive access. Ideal for office, medical, retail or service commercial uses. Seller to complete Phase 1 public improvements.

Lot 5

Price $1,181,723 CAD
Price Per AC $321,995.38 CAD
Lot Size 3.67 AC

$5.25/SF. Large commercial lot with Augusta Drive frontage offering flexibility for multi-family, office, medical, retail or mixed commercial development. Seller to complete Phase 1 public improvements.

Lot 6

Price $1,030,615 CAD
Price Per AC $244,801.57 CAD
Lot Size 4.21 AC

$3.99/SF. Largest parcel in the development with Firestone Drive access, ideal for larger commercial, office, medical or multifamily development. Seller to complete Phase 1 public improvements.

Description

Situated at the southeast corner of Highway 22 and Augusta Drive, this highly visible commercial development offers exceptional accessibility at one of Mankato's fastest-growing commercial corridors. Located near Mankato Clinic Wickersham Campus, across from Kwik Trip and established commercial businesses, and adjacent to new multifamily housing, the property is ideally positioned for commercial, office, medical, retail, hospitality, or multifamily development.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
  • Listing ID: 33136376

  • Date on Market: 2024-09-11

  • Last Updated:

  • Address: Augusta Drive, Mankato, MN 56001

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