1950 Marie, North Mankato, MN 56003

Property 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.