White Box Retail
For Lease
$30 SF/Yr NNN
242 Belgrade Avenue, North Mankato, MN 56003
COMMERCIAL - North Mankato, MN
Space SizeContact for details
Days on Market32
Property Features for 242 Belgrade Avenue
General Information
Property type
Commercial Lease
Property subtype
Other
Property condition
Under Construction
Elementary school district
Mankato #77
Middle school district
Mankato #77
High school district
Mankato #77
Directions
Hwy 169 to Webster to Range Street to Belgrade
Subdivision
N MANKATO LOWER
Standard status
Active
APN
18.249.0010
Taxes and HOA fees
Tax Year
2026
Tax Description
Block 1 Lot 1 Subdivision Cd 18249 Subdivision Name ROMEY HINZ ADDITION
Tax Annual Amount
6239
Legal Description
Block 1 Lot 1 Subdivision Cd 18249 Subdivision Name ROMEY HINZ ADDITION
Utilities
Heating system
Forced Air
Building Details
Year built
2026
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(504) 742-4442
Listed By:
SHAWNA WOLFE · License #20215401
(507) 420-1877
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 31 at 9:06AM
MLS# 267041071
Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brand-new retail space is available for lease with delivery in a white box condition, ready for tenant buildout. The property is currently under construction, with a planned 2026 year built, and includes forced-air heating. This layout is intended to give tenants flexibility to design the space to match their specific requirements for retail, office, or service-based use.
The space is located at 242 Belgrade Avenue in North Mankato, MN, positioned for high visibility on Belgrade Avenue. Lease terms are NNN, with the tenant responsible for utilities, pro-rata property taxes, insurance, and CAM. Additional space specifications, site plan, and lease details are available upon request.
The space is located at 242 Belgrade Avenue in North Mankato, MN, positioned for high visibility on Belgrade Avenue. Lease terms are NNN, with the tenant responsible for utilities, pro-rata property taxes, insurance, and CAM. Additional space specifications, site plan, and lease details are available upon request.
Key Highlights
- White box delivery ready for tenant buildout
- Under construction with 2026 year built
- NNN lease terms; tenant pays utilities, pro‑rata property taxes, insurance, and CAM
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Dining 33%
Hotels & Casinos 12%
Shops & Services 5%
Hy-Vee
Groceries
20,686 visits/mo
0.3 miles
Arby's
Dining
8,606 visits/mo
0.5 miles
Hilton Garden Inn, Mankato Downtown
Hotels & Casinos
5,134 visits/mo
0.3 miles
Jersey Mike's Subs
Dining
4,898 visits/mo
0.4 miles
Wells Fargo
Shops & Services
2,396 visits/mo
0.4 miles
Demographics for 56003, MN
15,221
Population
6,543
Households
2.3
Avg Household Size
38
Median Age
43%
College-Educated
98%
High-School Grad
44.0 sq mi
ZIP Area
346
Density / Sq Mi
$80,587
Median Household Income
$46,544
Median Earnings
$920
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brand-new white box retail space is under construction and ready for tenant buildout with forced-air heating.
Where is this retail space located?
The property is located at 242 Belgrade Avenue North Mankato, MN.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: White box delivery ready for tenant buildout; Under construction with 2026 year built; NNN lease terms; tenant pays utilities, pro‑rata property taxes, insurance, and CAM
