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Former Restaurant Building
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1123 Range Street, North Mankato, MN 56003

Former restaurant building with extensive 2022 renovations, updated dining area, and bar, with on-site parking on a frontage-road-access site.

Property Size4,508 SF
Lot Size0.82 Acres
Price / SF$266.19
Days on Market147

Property Features for 1123 Range Street

General Information

Standard status Active
Size 4,508 SF
Lot size 0.82 Acres
Property subtype Land
Zoning B-3 General Commercial
Investment Type Owner/User

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 1979
Year Renovated 2022
Listing Agency: RE/MAX Dynamic Agents
Listed By: Carlos Carrera · License #MN 20451253
Source: Crexi
Added: Apr 21 Changed: Sep 8 Last Checked: Sep 14 at 6:46AM

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 RE/MAX Dynamic Agents

Investment Insights

Based on property information with market context.

This former restaurant building offers approximately 4,500 square feet and has been extensively renovated in 2022. Updates include a new roof, an updated dining area, and a new bar, bringing the interior to a modernized condition for a next operator.

The property sits on a 0.82-acre site with ample on-site parking and convenient access via a frontage road. It also provides visibility from Highway 169, and is located near the Benedicts Morning Heroes and the 30,000-square-foot FORDE office/retail development, supporting continued surrounding activity.

With its restaurant buildout and parking-focused site layout, the space may suit a variety of commercial uses.

Key Highlights

  • 4,500 SF former restaurant building available for sale or lease (built in 1979)
  • Renovated in 2022 with a new roof, updated dining area, and new bar
  • 0.82‑acre site with ample on‑site parking

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Law Firm Pharmacy HVAC Service Bakery (Bike/Boat/Book/etc) 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

229
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 90% Dining 9% Hotels & Casinos 1%
Kwik Trip Shops & Services
48,818 visits/mo 0.4 miles
Speedway Shops & Services
9,134 visits/mo 0.1 miles
Hardee's Dining
4,516 visits/mo 0.5 miles
SUBWAY Dining
1,540 visits/mo 0.2 miles
Days Inn Mankato Hotels & Casinos
661 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant building with extensive 2022 renovations, updated dining area, and bar, with on-site parking on a frontage-road-access site.
Where is this conventional restaurant located?
The property is located at 1123 Range Street North Mankato, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,500 SF former restaurant building available for sale or lease (built in 1979); Renovated in 2022 with a new roof, updated dining area, and new bar; 0.82‑acre site with ample on‑site parking
(507) 720-4663 Call to check price and availability
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