.png)
One Community. Multiple Opportunities in Mankato.
Where Mankato Lives, Shops, and Grows. Fully entitled, platted, infrastructure, grading and connections, all included.
Residential · North PUD
Water & Nature View Villas
34 units
2,100–4,200SF range
R2 zoning
Pond and nature views · no rental density restrictions.
Residential · South PUD
Detached & Attached Villas
54 + 34 units
(detached / attached)
1,730–3,460SF range
R2 zoning
No rental density restrictions apply.
Mixed Use ·
Block 1, Lot 2
Retail +
3.04 acres
$2.0M
$15.10 / SF
B3 zoning
Approved for up to 61 residential units above ground-floor retail.
Build what lasts. Invest where it matters.
This is Aveyda Preserve —refined, low-maintenance villa living brought to one of
Mankato's most undersupplied segments, a rare alignment of buyer demand
and builder opportunity.
East of Hoffman Road & CSAH 12 · Mankato, MN
A planned community built for the market Mankato is missing.
Population growth in Mankato has been strong, driven largely by Baby Boomers, older Millennials, and Gen X buyers in their 40s and 50s. Many are ready to move but can't find the right product — a gap this market has yet to fill.
Aveyda Preserve answers that gap with 122 single family homes, multi family, retail and mixed use, office residential and commercial sites. The developer is committed to a consistent high-quality standard across the entire property, which is accessed via the publicly dedicated Hoffman Road with private drives maintained by the ownership association.
Location
Minutes from Target, Hy-Vee, Aldi, Sam's Club, Mayo Clinic Health System, Mankato Clinic, MNSU, and Bethany Lutheran College.
Scale
122 single family rooftops
549 Apartment units
C Store Site
Retail and Mixed Use site with 61 additional multifamily units
Quality Standard
A Planned Unit Development maintained to a high aesthetic and construction standard, designed to enhance the surrounding community.
Market Timing
Current housing study sees demand for market-rate rentals (100 to 140 units per year needed) to high-end
single-family homes (70 to 80 units) and attached single-family dwellings (70 to 85 units).
Key Development Highlights
A rare opportunity to establish a presence where rooftops, traffic, and demand are already in motion.
Construction-ready August 2026
Infrastructure, grading and connection fees
included, cutting upfront costs and timeline.
800+ households
Within blocks, plus a new middle school driving consistent daytime and
evening traffic.
61 multifamily units
Planned on-site for built-in demand.
1 mile
To major retail and shopping.
2.7 miles
To regional healthcare.
3.4 miles
To Minnesota State University, Mankato.
1.6M-person trade area
Mankato's reach across Southern MN and Northern IA.
Just over an hour
To the Twin Cities.
What Mankato Needs.
Recommended development mix for Mankato, 2025–2030 prepared by Maxfield Research and Consulting
150–200 Move-Up Units
$300K–$400K · townhomes, twin homes, condos
50-60 Executive Units
$450K-$600K+ · detached & townhome product
$650K+ · detached & townhome product
570-780 Rental Units
Apartments: $1,200-$1,800/mo
Townhomes: $1,900-
$2,500/mo
430-550 Senior Housing Units
Independent Living: $2,000–$2,800/mo
Assisted Living: $3,000–$5,000/mo
Memory Care: $4,000–$6,000/mo
.png)
About
With extensive experience and true human connection, Rebecca and the Thate Real Estate team look forward to helping you find the right fit at Aveyda Preserve — whether you're building, buying, or investing.
