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Restaurant Building with Frontage Road Access
For Sale
$1,200,000

1123 Range Street, North Mankato, MN 56003

COMMERCIAL - North Mankato, MN

Property Size4,500 SF
Lot Size0.82 Acres
Price / SF$266.67
Days on Market104

Property Features for 1123 Range Street

General Information

Property type Commercial Sale
Property subtype Other
Interior features Bar Area, Fire Alarm, Kitchen Area, Restrooms, Smoke Detectors, Sprinkler System
Accessibility Accessible Approach with Ramp
Elementary school district Mankato #77
Middle school district Mankato #77
High school district Mankato #77
Subdivision N MANKATO LOWER
Standard status Active
APN 184560010
Lot size 0.82 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description legal to govern
Tax Annual Amount 20420
Legal Description legal to govern

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1979
Roof type Rubber, Flat
Listing Agency: RE/MAX DYNAMIC AGENTS · RE/MAX International
Listed By: CARLOS CARRERA · License #20451253
Added: Apr 20 Changed: Aug 1 Last Checked: Aug 1 at 6:06AM
MLS# 7040028

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

A 4,500-square-foot former restaurant building is available for sale or lease on a .82-acre site with ample on-site parking. The property was extensively renovated in 2022, including a new roof, an updated dining area, and a new bar, supporting a range of restaurant and other commercial concepts.

The building benefits from visibility from Highway 169, with convenient access via a frontage road. Interior features include a bar area, kitchen area, restrooms, and a sprinkler system, with fire alarm and smoke detectors. Heating is forced air and cooling is central air, and the property includes an accessible approach with a ramp.

Built in 1979, the roof is rubber and flat. The location is near the new Benedicts Morning Heroes and the 30,000-square-foot FORDE office/retail development, adding to surrounding activity.

Key Highlights

  • 4,500‑square‑foot former restaurant building on a .82‑acre site with ample on‑site parking
  • Renovated in 2022: new roof, updated dining area, and new bar
  • Highway 169 visibility with convenient access via a frontage road

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Pharmacy Veterinary Clinic Barber Shop Storage Facility Bakery

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant building renovated in 2022 with a new roof, updated dining area, new bar, and central air.
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‑square‑foot former restaurant building on a .82‑acre site with ample on‑site parking; Renovated in 2022: new roof, updated dining area, and new bar; Highway 169 visibility with convenient access via a frontage road
More about this property
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