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Second-Level Office Units
New
For Lease
$7 SF/Yr

103 Homestead Rd, Mankato, MN 56001

Configurable professional workspace near Minnesota State University, Mankato and major regional transportation routes.

Space Size5,700 SF
Property Size12,000 SF
Days on Market5

Property Features for 103 Homestead Rd

General Information

Standard status Active
Size 5,700 SF
Net Rentable 5,700 SF
Class B
Property subtype Office - General Office

Space & Availability

Available Space 5,700 SF
Contiguous Space 5,700 SF
Floor 2
Space Use Office

Additional Details

Highway Access Yes

Building Details

Building Size 12,000 SF
Year Built 1979

Spaces For Lease

at 103 Homestead Rd Contact us

103 Homestead Lease $7/SF/Yr

Size
5,700 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: NAI North Star
Listed By: David Schooff · License #40137517
Source: Commercialcafe
Added: Aug 15 Changed: Aug 16 Last Checked: Aug 18 at 4:56AM

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 NAI North Star

Investment Insights

Based on property information with market context.

The property includes 5,700 square feet of second-level office space within a 1979 building. The layout supports private work areas alongside open collaborative zones, with build-to-suit potential for a modern professional workplace.

Located at 103 Homestead Rd in Mankato, the space is near Minnesota State University, Mankato and offers access to Highway 14 and Highway 169. Madison Avenue, the River Hills Mall district, and the Mayo Clinic Health System hospital complex are each within a 5-minute drive. The surrounding setting includes established residential development, neighborhood retail, and other commercial infrastructure.

Key Highlights

  • 5,700 square feet of second‑level office space
  • Private work areas and open collaborative zones
  • Build‑to‑suit potential for a modern professional workspace

Property Analytics

Current Use

Lil' Bee's Learning ... Daycare Center

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Repair Shop Spa & Massage Center HVAC Service

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

465
Businesses Nearby

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

Market

Lease Benchmarks for Mankato, MN

$9.5 /SF/Yr
Avg Asking Price
$6–$17 /SF/Yr
Price Range
4,781 SF
Avg Space Size

This space is priced 26% below the average of $9.5 /SF/Yr.

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?
Office units - Configurable professional workspace near Minnesota State University, Mankato and major regional transportation routes.
Where is this office units located?
The property is located at 103 Homestead Rd Mankato, MN.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 5,700 square feet of second‑level office space; Private work areas and open collaborative zones; Build‑to‑suit potential for a modern professional workspace
More about this property
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