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    1601 Monks Ave Mankato, MN 56001

    For Sale
    Contact for pricing

    Commercial - Mankato, MN

    Days on Market:
    328
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 1601 Monks Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R010920153016

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Building materials
    Brick, Other
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Dynamic Agents (507) 385-9405 [email protected]

    Listing agent CARLOS CARRERA (507) 385-9405

    Listing date Jan 21, 2025

    MLS# 7036636 Listing URL

    Copyright © 2025 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.

    Overview

    Prime Retail Space Near University

    This 2,444 SF retail space is located in the Monks Ave Retail Center, near Minnesota State University, Mankato. The property benefits from its location along a high-traffic corridor, ensuring visibility and accessibility. Situated near a hard stoplight, the location benefits from steady vehicular and pedestrian traffic. The retail center includes national and regional co-tenants, including CVS, Domino's, Qdoba, Subway, and Kwik Trip. This location attracts a diverse customer base, including university students, faculty, local residents, and visitors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.988819
    Latitude
    44.145943

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    FAQs

    What type of property is this?
    Retail space - Retail space near Minnesota State University with high visibility.
    Where is this retail space located?
    The property is located at 1601 Monks Ave Mankato, MN.
    What is the asking price?
    The asking price for this property is $4,073.
    What are key features of this property?
    This property features: - High-traffic location on Monks Ave, steps from Minnesota State University, Mankato.; - Located in the Monks Ave Retail Center with strong national and regional cotenants (CVS, Domino's, Qdoba, Subway, Kwik Trip).; - **2,444 SF retail space with maximum visibility and accessibility.**
    (507) 385-9405
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    1601 Monks Ave Mankato, MN 56001
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    Mankato, MN 56001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1601 Monks Ave Mankato, MN 56001
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