1 Aveyda Way, Mankato, MN 56001
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
1 Aveyda Way,Mankato, MN 56001
$864,000
- 0 Acres
- Lots / Land
- Active
Listed by: rebecca thate
Office: re/max advantage plus
MLS#:7042444
Source:NSMLS
Price summary
- Price:$864,000
About this home
Shovel ready building pad for up to 72 units in Building 10 with 26,067 SF and 108 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....
Contact an agent
Home facts
- Listing ID #:7042444
- Added:123 day(s) ago
- Updated:July 26, 2026 at 12:14 PM
Structure and exterior
- Lot Features:Level, Underground Utilities
Finances and disclosures
- Price:$864,000
New listings near 1 Aveyda Way
- New
$149,900Active2 beds 1 baths1,056 sq. ft.118 E Spring Street, Mankato, MN 56001
MLS# 7115697Listed by: EXECUTIVE ASSOCIATES REALTY - New
$1,049,000Active3 beds 1 baths1,600 sq. ft.19984 Stoltzman Road, Mankato, MN 56001
MLS# 7108310Listed by: GS&D, LLC - New
$175,000Active4 beds 1 baths1,344 sq. ft.1519 N 4th Street, Mankato, MN 56001
MLS# 7115185Listed by: EXP REALTY - New
$271,800Active3 beds 2 baths1,916 sq. ft.3025 Bluestem Trail, Mankato, MN 56001
MLS# 7115029Listed by: CENTURY 21 ATWOOD - New
$225,000Active3 beds 1 baths1,344 sq. ft.1511 Beaver Avenue, Mankato, MN 56001
MLS# 7114371Listed by: TRUE REAL ESTATE - Open Sun, 11am to 1pmNew
$485,000Active4 beds 2 baths2,788 sq. ft.300 Viking Drive, Mankato, MN 56001
MLS# 7112800Listed by: EDINA REALTY - New
$439,900Active5 beds 3 baths2,959 sq. ft.109 Cougar Drive, Mankato, MN 56001
MLS# 7114477Listed by: TRUE REAL ESTATE - Open Sun, 12 to 1:30pmNew
$539,900Active4 beds 4 baths3,174 sq. ft.213 Victoria Boulevard, Mankato, MN 56001
MLS# 7113889Listed by: TRUE REAL ESTATE - New
$539,900Active4 beds 3 baths3,092 sq. ft.820 Fieldcrest Drive, Mankato, MN 56001
MLS# 7112632Listed by: EDINA REALTY - New
$204,900Active2 beds 2 baths1,056 sq. ft.103 Raven Court, Mankato, MN 56001
MLS# 7112827Listed by: TRUE REAL ESTATE