Hwy 22 and Augusta Drive

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Address: MN-22 & N Augusta Ct, Mankato, MN 56001, USA
Chicago & Midwest + Land/Development
Created date: April 23, 2024
Date last updated: September 23, 2026
Price: $3,135,000Investment Analyzer NEW!
  • Rapidly Expanding Commercial Area
  • Individual Lots or Entire Development Available
  • Phase 1 Infrastructure Included in Individual Lot Pricing
  • 14,000+ VPD on Hwy 22
  • Growing Residential Area

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Lot Size: 18.00 Acres
Opportunity Zone: No
Property Website Click Here
Address: Hwy 22 and Augusta Drive, Mankato, MN 56001, USA
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Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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