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MLS: #7042439, Listed By: Rebecca Thate, RE/MAX Advantage Plus, Source:FargoMoorhead Area Association of REALTORS

3 Aveyda Way

Mankato, MN 56001
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Acres

Acres (Lot)

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Shovel ready building pad for up to 54 units in Building 3 with 12,152 SF and 81 allocated parking stalls. Located on a total of 19 acres positioned on the high-growth east side of Mankato, this shovel-ready development offers a prime opportunity for multifamily or senior housing with the capacity for 610 units in total. Zoned Office Residential, the opportunity for development and use is vast. The site is planned for 10 buildings to house 610 units with grading and infrastructure included and construction readiness by July 2026. Surrounded by strong demand drivers, the property is within one mile of major retail and shopping, 2.7 miles from regional hospitals and clinics, and just 3.4 miles from Minnesota State University, Mankato. Mankato continues to experience steady growth fueled in part by in-migration from its broader trade area, serving a regional population of approximately 1.6 million, with a core population exceeding 340,000. This dynamic position the site as an ideal location for developers targeting sustained rental demand and long-term appreciation. Over the past five years, Mankato has faced a persistent undersupplied rental market, with vacancy rates under 2% for several years. Recent new developments have begun easing pressure, bringing the market closer to equilibrium, but it remains structurally demand-driven. Even with these deliveries, renter demand remains strong, and studies project a need for over 6,500 additional units by 2035 to meet growth and housing needs.

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Detail Ic Property Details

Property Type : Land

Price : $648,000

AD Id : 76375390

MLS Id : 7042439

County : Blue Earth

  • Map Map

Map

Feature Features

  • Lot Information

    Lot Description: Level

  • Listing Price Information

    Listing Price: $648000

  • Tax Information

    Parcel Number: TBD

  • Utility Information

    Underground Utilities, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Water Available, Water Connected
  • Location Information

    Direction: At corner of Hoffman Rd and CR 12
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2014 Aveyda Bend Trail, Mankato, MN, 56001 $77,000 -- -- -- 0.19 Acre(Lot)
3718 Luma Circle, Mankato, MN, 56001 $130,000 -- -- -- 0.22 Acre(Lot)
3705 Luma Circle, Mankato, MN, 56001 $99,000 -- -- -- 0.22 Acre(Lot)
1951 Aveyda Bend Trail, Mankato, MN, 56001 $77,000 -- -- -- 0.19 Acre(Lot)
1920 AND 1922 Aveyda Be.., Mankato, MN, 56001 $87,000 -- -- -- 0.19 Acre(Lot)
2018 Aveyda Bend Trail, Mankato, MN, 56001 $77,000 -- -- -- 0.19 Acre(Lot)
1914 AND 1916 Aveyda Be.., Mankato, MN, 56001 $87,000 -- -- -- 0.19 Acre(Lot)
3701 Luma Circle, Mankato, MN, 56001 $99,000 -- -- -- 0.22 Acre(Lot)
1806 Aveyda Bend Trail, Mankato, MN, 56001 $77,000 -- -- -- 0.19 Acre(Lot)
1959 Aveyda Bend Trail, Mankato, MN, 56001 $77,000 -- -- -- 0.19 Acre(Lot)
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/06/2026 @ 17:53

MLS: 7042439 LISTED BY: Rebecca Thate, RE/MAX Advantage Plus 507-514-6105 SOURCE: FargoMoorhead Area Association of REALTORS

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