M
Seller's Agent in 2025
Mackenzie Kearney
TRUE REAL ESTATE
(507) 995-0728
3 in this area
65 Total Sales
0 Elwin Add 2 Mankato, MN 56001
Franklin Rogers Park Neighborhood
14.83
Acres
$178,315
Price per Acre
645,995
Sq Ft Lot
Highlights
- 14.83 Acre Lot
- Washington Elementary School Rated 9+
- Level Lot
About This Lot
As of December 2025Prime development land in the heart of Hilltop Mankato centrally positioned between Victory Drive, Hwy 14 and Madison Avenue. Located in one of Mankato’s fastest growing commercial districts, this parcel is neighbored by several newer residential communities and professional service businesses. This lot is zoned in the Office and Residential District which is designed to provide for medium high density mixed development. Potential uses include multi-family development, church/place of worship, child care center, nursing home, dental/medical clinic or other community, recreational or educational use. Agent is related to sellers.
Last Agent to Sell the Property
TRUE REAL ESTATE Brokerage Phone: 507-345-8783 License #40760300 Listed on: 02/24/2024
Last Buyer's Agent
Non Member
Non-Member
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,252
Lot Details
- 14.83 Acre Lot
- Level Lot
Community Details
- Property is near a ravine
Listing and Financial Details
- Assessor Parcel Number R01.09.09.301.015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2024
Closed on
Dec 30, 2025
Sold by
Elwin Land Company Llc
Bought by
Victory Ridge Apartments Of Mankato Lllp
Seller's Agent
Mackenzie Kearney
TRUE REAL ESTATE
Buyer's Agent
Non Member
Non-Member
List Price
$2,731,212
Sold Price
$2,644,418
Premium/Discount to List
-$86,794
-3.18%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,500,000
Outstanding Balance
$26,500,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,644,418 | Tri-County Abstract |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $26,500,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2025 12/30/25 | Sold | $2,644,418 | -3.2% | -- |
| 06/16/2025 06/16/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | For Sale | $2,731,212 | +3.3% | -- |
| 03/01/2025 03/01/25 | Off Market | $2,644,418 | -- | -- |
| 09/24/2024 09/24/24 | Price Changed | $2,731,212 | +14.0% | -- |
| 02/24/2023 02/24/23 | For Sale | $2,395,800 | -- | -- |
Source: REALTOR® Association of Southern Minnesota
Agents Affiliated with this Home
-
Mackenzie Kearney
-
April Femrite
Seller Co-Listing Agent in 2025
April Femrite
True Commercial, LLC
(507) 381-2969
2 in this area
20 Total Sales
-
N
Buyer's Agent in 2025
Non Member
Non-Member
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7031910
APN: R01-09-09-301-015
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