8 Aveyda Way

Mankato, MN 56001

$648,000
Price
0 / 0
Lot Size / Acres
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Description

Shovel ready building pad for up to 54 units in Building 8 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...Shovel ready building pad for up to 54 units in Building 8 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.
  1. Listed by RE/MAX Advantage Plus

Property Details for 8 Aveyda Way

Zoning Jurisdiction
Residential-Multi-Family,Other
LISTING UPDATED: 03/24/2026 05:09 PM

Property Details for 8 Aveyda Way

StatusActive
MLS #7042441
Days on Compass4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.00 AC
CountyBlue Earth County
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Location

Listing Courtesy of RE/MAX Advantage Plus
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Building Information for 8 Aveyda Way

Lot Size0.00 AC

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$3,145 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,145

Property Taxes

$0

HOA Dues

$0

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Property Information for 8 Aveyda Way

Summary
Location and General Information
  • City Name: Mankato
  • County Or Parish: Blue Earth
  • County: Blue Earth-MN
  • Directions: At corner of Hoffman Rd and CR 12
  • Latitude: 44.1556856963
  • Longitude: -93.9380368278
  • Map Coordinate: 999-A1
  • City and Location: Mankato
  • City and Location Text: Mankato(MN)
  • Postal Code: 56001
  • State Or Province: MN
  • Topography: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: TBD
  • Tax Annual Amount: $.00
  • Tax Legal Description: To be split from Mesenbrink Subdivision Lot 3 Blk 1; 19.03 acres. PID R01.09.15.400.005
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2026
  • Tax With Assessments: 0
School Information
  • High School District: 2262 - Mankato
  • School District Number: 2262
  • School District Phone: 5073871868
Property
Lot Information
  • Living Area Units: Square Feet
  • Lot Features: Underground Utilities
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 0
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Program Acres Total: 0
  • Property Type: Land
Property and Assessments
  • Development Amenity Type: No
Utilities
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Available, Storm Sewer Connected, Phone Available, Phone Connected, Underground Utilities Available, Water Available, Water Connected
Interior and Exterior Features
Exterior Features
  • Road Frontage Type: City Street, Paved Streets, Storm Sewer
  • Road Responsibility: Private Maintained Road
Interior Features
  • Basement YN: No

Property History for 8 Aveyda Way

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Price Change

NorthStar #7042441

$648,000—
Mar 24, 2026

Listed (Active)

NorthStar #7042441

—
DateEvent & SourcePrice
03/24/2026

Price Change

NorthStar #7042441

$648,000
03/24/2026

Listed (Active)

NorthStar #7042441

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 8 Aveyda Way

This home is within Mankato Public School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - K to 5
Prairie Winds Middle School
Public - 6 to 8
Mankato East Senior High School
Public - 9 to 12
Central Middle School Alp
Public - 6 to 8
Rating
School
Distance
Washington Elementary School
PublicK to 5

Prairie Winds Middle School
Public6 to 8

Mankato East Senior High School
Public9 to 12

Central Middle School Alp
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8 Aveyda Way, Mankato, MN 56001

8 Aveyda Way is a 0 ac of land for sale in Mankato, MN 56001. This property was listed for sale on March 24, 2026 by RE/MAX Advantage Plus, it's currently listed at $648,000. This listing's school district is Mankato Public School District. Nearby schools include Washington Elementary School, Prairie Winds Middle School and Mankato East Senior High School. 8 Aveyda Way is a 0-bed, 0-bath, 0 ac of land on a 0 sq. ft. / 0 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Advantage Plus

Based on information submitted to the MLS GRID as of 03/24/2026 05:09 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.