821 Riverfront DrMankato, MN 56001

For Sale
$650,000

High-visibility corner lot, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 0.5-acre retail pad, located at the highly visible corner of Madison Avenue and Riverfront Drive in Mankato, Minnesota, presents a rare redevelopment opportunity. Situated in Blue Earth County, zip code 56001 (latitude 44.174423, longitude -93.9954371), this property boasts an unparalleled location with 28,000 vehicles per day passing by. Last sold in 1995, this is a chance to acquire a prime piece of Mankato real estate. The lot offers convenient direct street and alley access, enhancing its functionality and appeal. While currently a smaller lot, there's significant potential for expansion, with the possibility of adding an additional 10,000 square feet. Adding to its value is a currently generating billboard income stream. This property is ideal for developers seeking a high-traffic location with substantial growth potential. The asking price for this unique opportunity is $650,000. Don't miss this chance to own a piece of Mankato's vibrant commercial landscape.

Highlights

  • High-visibility corner lot at Madison Ave and Riverfront Drive, Mankato, MN, offering redevelopment potential.
  • 0.5-acre lot with potential for a 10,000 SF expansion.
  • Rarely available property; last sold in 1995.
  • High traffic count with 28,000 vehicles per day (VPD) on nearby roads.
  • Convenient direct street and alley access.
  • Generates income from an existing billboard.

Location Insight

City
Mankato
County
Blue Earth
State
Minnesota
Latitude
44.174423
Longitude
-93.9954371
821 Riverfront Dr, Mankato, Minnesota

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821 Riverfront Dr
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