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MIXED USE - BLOCK 1 LOT 2
Options
Block 1 Lot 2 - MIXED USE
BLOCK 1 LOT 2 - MIXED USE
NO. 1
Location
CSAH 12
LOCATED NEXT TO THE PROPOSED C-STORE LOT. THIS LAND OFFERS A GREAT OPPORTUNITY FOR FUTURE DEVELOPMENT OF MIXED USE RESIDENTIAL UNITS. With excellent access, strong frontage, and projected traffic growth to soar as the area builds out, historically increasing 2-3% per year.
NO. 2
DETAILS
LOT SIZE
3.04 ACRES
LISTING
2 Market Way
Zoned B3
$2.0 includes infrastructure
$15.10/SF
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That’s where Thate Real Estate comes in. With extensive experience and true human connection, we look forward to helping you.
RARE OPPORTUNITY
Positioned at the gateway to one of the fastest-growing areas of Mankato, this exceptional development opportunity blends visible commercial potential with built-in multifamily demand.
Anchored at a prominent roundabout entrance, this site offers terrific exposure soaring from 8,423 to 16,299 as the project builds out*; coupled with accessibility—ideal for retail, service, grocers, clinics and convenience-oriented users looking to capture daily traffic from over 800 new households within blocks. The surrounding neighborhood is rapidly taking shape, with additional high-density housing and a middle school driving consistent daytime and evening activity. The offering includes plans for the capacity of 61 multifamily units, creating an immediate on-site customer base and long-term value through mixed-use synergy. Residents and nearby rooftops benefit from close proximity to other major retail and shopping destinations within one mile, along with convenient access to regional healthcare just 2.7 miles away and Minnesota State University, Mankato only 3.4 miles from the site. Located on the highly desirable east side of Mankato, this corridor continues to see strong residential and commercial expansion, making it a strategic location for forward-thinking developers and operators.
The site is construction-ready July 2026, with infrastructure and grading already included, significantly reducing upfront costs and accelerating your timeline. Mankato serves as a regional hub supporting a trade area of approximately 1.6 million people for employment, shopping, and entertainment in Southern MN and Northern IA, and yet just over an hour to the Twin Cities. This is a rare opportunity to establish a presence at the front door of growth—where rooftops, traffic, and demand are already in motion.
*According to a 2025 traffic counter reading, Hoffman Road currently carries an AADT of 8,423 vehicles. A traffic study completed by S2 Traffic Solutions, LLC projects completed development to generate an additional 7,876 trips per day, bringing total projected daily traffic volume to 16,299 trips. Traffic counts along this corridor have historically grown by 2–3% annually.
Let's WORK Together
By pairing high market demand with a clear, efficient product making it a great place to develop homes.
The Mankato area sees demand for everything from market-rate rentals (100 to 140 units per year needed) to high-end single-family homes (70 to 80 units) and attached single-family dwellings (70 to 85 units), according to the reports. With excellent access, strong frontage, and projected traffic growth to soar as the area builds out, historically increasing 2-3% per year.