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East of Hoffman Road & CSAH 12 · Mankato, MN
Build what lasts. Invest where it matters.
This is Aveyda Preserve —refined, low-maintenance villa living brought to one of
Mankato's most undersupplied segments, a rare alignment of buyer demand
and builder opportunity.
A planned community built for the market Mankato is missing.
Population growth in Mankato has been strong, driven largely by Baby Boomers, older Millennials, and Gen X buyers in their 40s and 50s. Many are ready to move but can't find the right product — a gap this market has yet to fill.
Aveyda Preserve answers that gap with 122 single family homes, multi family, retail and mixed use, office residential and commercial sites. The developer is committed to a consistent high-quality standard across the entire property, which is accessed via the publicly dedicated Hoffman Road with private drives maintained by the ownership association.
Location
Minutes from Target, Hy-Vee, Aldi, Sam's Club, Mayo Clinic Health System, Mankato Clinic, MNSU, and Bethany Lutheran College.
Scale
122 single family rooftops
610 Apartment units
C Store Site
Retail and Mixed Use site with 61 additional apartment units
Quality Standard
A Planned Unit Development maintained to a high aesthetic and construction standard, designed to enhance the surrounding community.
Market Timing
The 2025 Housing Study identifies demand for 1,000+ additional units across rental and senior housing alone.
One Community. Five Opportunities.
Where Mankato Lives, Shops, and Grows. Fully entitled, platted, infrastructure, grading and connections, all included.
Residential · South Block ·
Block 2, Lot 1
Detached & Attached Villas
54 + 34 units
(detached / attached)
1,730–3,460SF range
R2 zoning
No rental density restrictions apply.
Residential · North Block ·
Block 3, Lot 1
Water & Nature View Villas
34 units
2,100–4,200SF range
R2 zoning
Pond and nature views · no rental density restrictions.
Mixed Use ·
Block 1, Lot 2
Retail + Residential
3.04 acres
$2.0M
$15.10 / SF
B3 zoning
Approved for up to 61 residential units above ground-floor retail.
Key Development Highlights
A rare opportunity to establish a presence where rooftops, traffic, and demand are already in
motion.
Construction-ready August 2026
Infrastructure, grading and connection fees
included, cutting upfront costs and timeline
800+ households
Within blocks, plus a new middle school driving consistent daytime and
evening traffic
61 multifamily units
Planned on-site for built-in demand
1 mile
To major retail and shopping
2.7 miles
To regional healthcare
3.4 miles
To Minnesota State University, Mankato
1.6M-person trade area
Mankato's reach across Southern MN and Northern IA
Just over an hour
To the Twin Cities
What the 2025 Housing Study found.
Prepared by Maxfield Research and Consulting — recommended development mix for Mankato, 2025–2030.
150–200
Move-Up units needed
$300K–$400K · townhomes, twin homes, condos
50-60
Executive units needed
$450K+ · detached & townhome product
570-780
Rental units needed
Apartments: $1,200-$1,800/mo
Townhomes: $1,500-$2,100/mo
430-550
Senior housing units needed
Independent Living: $2,000–$2,800/mo
Assisted Living: $3,000–$5,000/mo
Memory Care: $4,000–$6,000/mo
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About
With extensive experience and true human connection, Rebecca and the Thate Real Estate team look forward to helping you find the right fit at Aveyda Preserve — whether you're building, buying, or investing.
