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Property profile & analytics
OFF-MARKET Estimated value $565,000
Industrial properties

1119 Ctr St North Mankato, MN 56003-2108

23,890 SF 1.86 ac lot Built 1976
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US46-2232684
Property summary
AI-generated overview

This exceptional 23,890-square-foot industrial property, located at 1119 Center St in North Mankato, Minnesota, presents a unique owner-user opportunity. The building, comprised of a warehouse and manufacturing space, features a general brewing area, bar, and office space, all situated on a 1.86-acre lot. Built in phases (1976 & 2000), the single-story structure boasts high ceilings ideal for manufacturing operations, two dock-high doors for efficient loading and unloading, and ample parking for 30 vehicles. The property is zoned for commercial use and benefits from a prime location in North Mankato, offering convenient access to major highways. Modernized facilities include updated electrical and HVAC systems, ensuring optimal functionality. A significant advantage is the inclusion of a cellular tower lease, generating supplemental income. The well-maintained exterior and robust building security/surveillance systems further enhance the property's value. This versatile floor plan offers significant potential for a variety of industrial and manufacturing uses. The asking price is $3,950,000, translating to $165 per square foot. Don't miss this chance to acquire a profitable and well-equipped industrial asset in a thriving Minnesota market.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1976
Total area 23,890 SF
Lot 1.86 ac (80,891 SF)
APN 18.557.2870
UPID US46-2232684
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$533k
Blend (final) Blend
$565k
Owner & transaction history
Mankato Brewery LLC · 12 yrs held
Mankato Brewery LLC
since 2014
2 recorded transactions
2017
Price N/A
2014
$902,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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