101-242 Belgrade Ave, North Mankato, MN 56003

Listing Agency: Keller Williams Premier Realty k***@kw.com Show Phone

Listed By: Shawna L. Wolfe · License MN #20215401 Show Phone

Source: Exprealty

Added: Jul 31 Changed: Nov 5 Last Checked: Nov 8 at 6:26AM

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Investment Insights

Based on property information with market context.

Brand-new retail space at 101-242 Belgrade Ave is offered in white-box condition, giving the incoming tenant a clean starting point for interior construction. The premises can be planned for retail, office, or service-based use, subject to the applicable buildout and lease requirements.

The property is located in North Mankato on Belgrade Avenue. Lease structure is NNN, with the tenant responsible for utilities, pro-rata property taxes, insurance, and CAM. Tenant buildout is not included, allowing the interior configuration to be developed around the selected business use.

Key Highlights

• Brand‑new construction at 101‑242 Belgrade Ave
• White‑box delivery provides a clean shell for tenant construction
• Interior may be configured for retail, office, or service‑based use

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Barber Shop Locksmith Pet Grooming Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,577

Businesses Nearby

Explore this area Business Placement

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

Properties on Market for Retail space in Nicollet County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - White-box delivery allows tenant-designed retail, office, or service-oriented interior planning.

Where is this retail space located?

The property is located at 101-242 Belgrade Ave 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: Brand‑new construction at 101‑242 Belgrade Ave; White‑box delivery provides a clean shell for tenant construction; Interior may be configured for retail, office, or service‑based use