Hoffman Rd/County Rd 12 Development

Hoffman Rd/Cty Rd 12 Mankato, MN 56001

Mankato
FOR SALE
Property Type:
Commercial Land Development
Amount:
$2,314,669
Last Verified:
Jul 24, 2024

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Highlights

  • Prime development opportunity offering flexibility in Parcel sizes
  • Close to new school and housing development
  • New County Road 12 with roundabouts linking quick access to medical clinics, retail, schools and offices
  • Utilities close by - less infrastructure cost for user/developer

Description

This PRIME LAND near the Justice Center and MNDOT is ready for development. Formerly zoned agricultural, it is now ready for Mankato’s East Expansion. Currently 16.35 acres, it can be combined with the adjacent 20 Acres to the North or subdivided for smaller development projects. Ideal location for development of multi-family housing, patio homes, churches, offices, and senior housing.

This land is ideally located at the roundabout located at the NE corner of Hoffman Road that connects to Hwy 22, and County Road 12 which connects to Madison Avenue. VPD on Hwy 22 is 15,400, Madison Avenue is 16,600 and County Rd 12 is 3,400.

Lot Size: 16.35 acres


Documents

Sale Brochure

Map of Hoffman Rd/Cty Rd 12, Mankato, MN, 56001

Presented by:
Coldwell Banker Commercial Fisher Group

Request additional information
Rosie Brunmeier


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.