Listed by NAI North Star
$795,000
US-169 Retail Pad Development Site
Details
Property Type Land
Sub Type Commercial, Retail-Pad
Price Per Acre $764,423
Acreage 1.040
Land | 1.04 acres
Marketing description
Position your business for long-term success on one of Greater Mankato’s most heavily traveled commuter corridors. This ±1.04 acre retail pad development site offers outstanding visibility along US‑169 with direct, signalized access via the US‑14/US‑169 interchange area and Range Street, placing a future user in the heart of Mankato’s growing north gateway.
Beginning in 2027, MnDOT’s planned revitalization of US‑169 through Mankato and North Mankato will invest tens of millions of dollars into pavement, safety and access upgrades between Belgrade Avenue and north of Highway 14, enhancing traffic operations, wayfinding and access to adjacent development sites. This property is positioned to directly benefit from that work, including a new roundabout and reconfigured local circulation that will create approximately one acre of immediate, convenient access off US‑169 and improve approach routes for customers and delivery traffic.
With daily traffic counts along the US‑169/US‑14 corridor exceeding 30,000 vehicles, the site delivers exceptional exposure for a quick‑service restaurant, coffee or drive‑through user, medical/retail service provider, or small multi‑tenant strip concept. The parcel sits adjacent to 72 new‑construction multifamily units and is surrounded by established residential neighborhoods, employment centers and regional retail, creating a strong daytime population and repeat customer base. Flexible options exist to either purchase the land outright or pursue a build‑to‑suit structure with an experienced local development team.
The property is located at 1235 Range Street in Mankato, Minnesota, just off the high‑profile US‑169/US‑14 interchange that serves as a primary north–south and east–west connection for the Greater Mankato trade area. US‑169 is undergoing a MnDOT‑led revitalization project in 2027–2028 that will reconstruct the highway, add modern roundabouts, improve intersection spacing, and upgrade pedestrian and bicycle facilities between Belgrade Avenue and north of Highway 14. As part of these improvements, new local street connections and a roundabout near the US‑169/US‑14 system will simplify access to Range Street and enhance circulation directly around the site.
This location benefits from strong regional traffic patterns, with US‑169 functioning as the primary route between Mankato/North Mankato and communities to the north and south, while US‑14 provides fast, four‑lane access east–west across southern Minnesota. The site is minutes from downtown Mankato, regional retail centers, and key employment hubs, and it is supported by dense surrounding residential neighborhoods and new multifamily development immediately adjacent. For an operator seeking a highly visible, easily accessible pad in a growing commercial node, this corridor offers one of the area’s most compelling long‑term positions.
Investment highlights
- US-169 Visibility
- Adjacent 72 New Construction Multi-Family Units
- 30,000+ VPD
- Excellent QSR/Drive-Thru Opportunity
- Purchase Land or Build to Suit Options
Listing Contacts
Listed by NAI North Star
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