Heated Flex Space with Garage
For Sale
Contact for pricing
100 D Street, Mankato, MN 56001
Functional commercial layout combines a heated work area with offices, a break room, and storage.
Property Size4,980 SF
Price / SF$150.60
Days on Market59
Property Features for 100 D Street
General Information
Standard status
Active
Size
4,980 SF
Property subtype
Office, Industrial, Land
Zoning
Light Industrial
Additional Details
Highway Access
Yes
Amenities
break room
Building Details
Year Built
1981
Listing Agency:
Keller Williams Premier Realty - Rochester
Listed By:
Shawna Wolfe · License #20215401
(507) 420-1877
Source:
Crexi
Added: Aug 8
Changed: Oct 3
Last Checked: Oct 4 at 9:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier Realty - Rochester
Investment Insights
Based on property information with market context.
This flex-space property includes a heated shop measuring more than 2,400 square feet, with both 14-foot and 8-foot garage doors. The interior also provides dedicated office space, a break room, and extensive storage within a practical commercial layout. Built in 1981, the property offers a combination of work, administrative, and support areas for a range of business operations.
Access to and from Hwy 169 supports convenient regional travel. The configuration is suited to uses identified in the property information, including auto repair, auto body work, contractor operations, small-engine service, fabrication, and light industrial activity.
Access to and from Hwy 169 supports convenient regional travel. The configuration is suited to uses identified in the property information, including auto repair, auto body work, contractor operations, small-engine service, fabrication, and light industrial activity.
Key Highlights
- More than 2,400 square feet of heated shop space
- 14‑foot and 8‑foot garage doors
- Dedicated professional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,162
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,240
$883.2K
Cap Rate 7%
$630,886
$630.9K
Cap Rate 9%
$490,689
$490.7K
Market Conditions
NOI Build-Up for 4,980 SF
Gross rent
$68.7K $13.80/SF
− Vacancy
−$5.6K −$1.13/SF
EGI
$63.1K $12.67/SF
− OpEx
−$18.9K −$3.80/SF
NOI
$44.2K $8.87/SF
Area
Blue Earth County, MN
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,240
Cap Rate 7%
$630,886
Cap Rate 9%
$490,689
Alternative Uses
Best Use
Retail
$630.9K
$552.0K – $736.0K
NOI $44,162 @ 7.0% cap · market cap 5.89%
Second Best
Flex RnD
$527.2K
$461.3K – $615.0K
NOI $36,902 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$984.3K
$861.2K – $1.15M
NOI $68,898 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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- Najwa's Catering — 1 Civic Center Plaza, Mankato, MN 56001
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial layout combines a heated work area with offices, a break room, and storage.
Where is this flex space located?
The property is located at 100 D Street Mankato, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: More than 2,400 square feet of heated shop space; 14‑foot and 8‑foot garage doors; Dedicated professional office space
