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Block 1, Lot 2
Where retail, rooftops, and rentals meet in Mankato.
A mixed-use retail and multifamily opportunity at the gateway to Aveyda Preserve, next to the proposed C-Store site.
What Mankato needs, by product type.
Figures reported for the Mankato area's near-term development pipeline.
100-140
Market-rate rental units needed per year
70-80
High-end single-family homes needed
70-85
Attached single-family dwellings needed
Site Details at a Glance
Mixed Use - Block 1, Lot 2
3.04
Acres
B3
Zoned Highway Commercial
$2.0M
$15.10/SF · infrastructure included
61 Units
Approved multifamily capacity
Positioned at the gateway to one of Mankato's fastest-growing areas, this site blends visible commercial potential with built-in multifamily demand. Anchored at a prominent roundabout entrance next to the proposed C-Store lot, it's ideal for retail, service, grocers, clinics, and convenience-oriented users looking to capture daily traffic from 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. Plans include capacity for 61 multifamily units, creating an immediate on-site customer base alongside long-term value through mixed-use synergy.
The site is construction-ready July 2026, with infrastructure and grading already included — reducing upfront costs and accelerating timeline.
8,423
Current AADT on Hoffman Road (2025 count)
+7,876
Projected added trips/day from the development
16,299
Total projected daily traffic volume
Source: 2025 traffic counter reading; development impact per S2 Traffic Solutions, LLC. Corridor traffic has historically grown 2–3% annually.
Location
Nearby
1 mile to major retail & shopping
2.7 miles to regional healthcare
3.4 miles to Minnesota State University, Mankato
1.6M-person regional trade area (S. MN / N. IA)
~1 hour to the Twin Cities
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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.