About This Home

This land at 1950 Marie Lane in North Mankato, MN is listed for $700,000 (4.85 acres).

Key Features

  • 4.85 acre lot
Listing Description

Exceptional 4.85-acre shovel-ready development opportunity located in the Upper North Mankato area. Zoned R-4 Multiple Dwelling District, the site offers the potential to accommodate a development of approximately 152 units, subject to final plans and municipal approvals.

Strategically positioned near South Central College, Hoover Elementary, and Dakota Middle Schools, as well as residential neighborhoods. The property offers excellent accessibility within one of North Mankato's established growth areas. This site is a unique opportunity for a senior or market rate housing operator or developer seeking a well-located site. Tax Increment Financing (TIF) may also be available, subject to qualification and approval by the appropriate governmental authorities.

Location

1950 Marie Lane

North Mankato, MN 56003

Questions & Answers

This 0-bedroom, 0-bathroom land at 1950 Marie Lane is listed at $700,000. The estimated monthly payment is $3,744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 4.85 acre lot.

This property is listed by CARLOS CARRERA.

CC

CARLOS CARRERA

Agent at RE/MAX Dynamic Agents

Listed by RE/MAX Dynamic Agents · Broker phone: (507) 387-5151 · View on Broker Site

MLS# 267041475· Source: Realtor Association of Southern Minnesota· 46 days on PropertySimple

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1950 Marie Lane, North Mankato, MN 56003

Open this listing in: