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2401 N. Riverfront Dr. - N. Riverfront Development

3.94 Acres of Commercial Land Offered at $199,900 in Mankato, MN 56001

Investment Highlights

  • High visibility
  • Turn lanes from both directions with curb cut in place.
  • Easy access to Hwy. #14

Executive Summary

Prime development opportunity on the corners of Highway #14 and N. Riverfront Dr. in Mankato.

Financial Summary (Actual - 2024)

Annual Annual Per AC
Taxes $1,094 $277.66
Operating Expenses - -
Total Expenses $1,094 $277.66

Financial Summary (Actual - 2024)

Taxes
Annual $1,094
Annual Per AC $277.66
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $1,094
Annual Per AC $277.66

Property Facts

Price $199,900
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Self Storage
  • Storefront, Retail or Residential
Total Lot Size 3.94 AC
Cross Streets Hwy. #14

1 Lot Available

Lot 1

Price $199,900
Price Per AC $50,736
Lot Size 3.94 AC

Two parcels approximately 3.94 acres total. Two potential building sites. All assessments will be paid by the seller.

Description

Close to the Hwy. #14 and N. Riverfront interchange. New roundabouts and access to the site from both the north and south directions allow improved safety and traffic flow. Enhanced pedestrian accommodations with ADA trails. Former location of the Colony Supper Club.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R01-09-05-178-002
Land Assessment
$34,000
Improvements Assessment
$0
Total Assessment
$34,000
Annual Taxes
$1,094
Tax Year
2024

zoning

Zoning Code T (Transition)
T (Transition)
  • Listing ID: 32641761

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 2401 N. Riverfront Dr., Mankato, MN 56001

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