Listed by NAI North Star
Unpriced
MN-22 / Victory
Details
Property Type Land
Sub Type Commercial
Square Footage 28,659
Year Built 2017
Acreage 2.47 - 37.21
Zoning B-3
Investment Type Owner/User
Land
Marketing description
Zoned for flexible use, the parcels are ideally suited for commercial development, professional office, or service-oriented retail—positioning them as a plug-and-play solution for investors, developers, or owner-occupiers seeking to capture long-term value in a market defined by stable growth and institutional investment appeal. Current lots can be divided or combined for specific use and access. All parcels are now B-3 zoning compliant for multifamily development.
With established infrastructure, access to utilities, and adjacency to national brands and regional anchors, these lots offer a shovel-ready pathway to portfolio growth in an area aligned with Mankato’s strategic expansion and municipal support for business-friendly development.
Located just off North Victory Drive and US-22 in dynamic east Mankato, these prime development lots offered by Under Par LLC present a high-visibility, high-access opportunity in one of Southern Minnesota’s fastest-growing commercial corridors. Surrounded by a strong mix of retail, professional services, and light industrial users, the lots benefit from immediate proximity to major traffic arteries, including U.S. Highway 22 and Madison Avenue, ensuring consistent vehicular exposure and streamlined connectivity to the broader Mankato-North Mankato MSA.
Buyers can subdivide lots or take the entire ~37 acre parcel. Purchasers will pay their pro-rata share of assessments, including the future Firestone Drive access. Now zoned B-3, multi-family developers should consider for development as the east side industrial and services park continues to expand.
Investment highlights
- Demisable Lots (<5 Acres)
- Shovel Ready Sites with Established Assessments
- Surrounding R 1-3 Neighborhood
- Neighboring National Brands
- Building Size : 28,659 SF
Listing Contacts
Listed by NAI North Star
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
