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    1400 S Riverfront Dr Mankato, MN 56001

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    For Sale
    $877,000

    Retail center with highway visibility and strong tenant demand.

    Property size:
    3,724 SF
    Lot size:
    0.35 Acres

    Property Features for 1400 S Riverfront Dr

    General Information

    Size
    3,724 SF
    Lot size
    0.35 Acres

    Source: CBRE - Minnesota Agent Sean Doyle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Occupied Retail Center Near Highway

    This 100% occupied retail center has a history of healthy occupancy and strong tenant demand. The rent roll consists of service-based tenants. The property benefits from its direct visibility off Highway 169, the major thoroughfare connecting Mankato to the Twin Cities. Riverfront Plaza is shadow anchored by Cub Foods and is located at one of the main points of access to the grocery store. Mankato is home to Minnesota State University which has enrollment of over 13,000 students. The acquisition price of the building is significantly below replacement cost, and rent throughout the center is priced at or below market. The property is located at the shared intersection of Mankato West High School and the YMCA, both major traffic drivers to the trade area. The property contains 3724 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coldwell Banker Real Estate Agency Welcome Home Realty Real Estate Agency Edward Jones Stock Broker MARY WELLER, COLDWELL ... Real Estate Agent Edward Jones - Financial ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.990785
    Latitude
    44.180482

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    FAQs

    What type of property is this?
    Strip mall - Retail center with highway visibility and strong tenant demand.
    Where is this strip mall located?
    The property is located at 1400 S Riverfront Dr Mankato, MN.
    What is the asking price?
    The asking price for this property is $877,000.
    What are key features of this property?
    This property features: - 100% Occupied Retail Center with a history of strong tenant demand.; - Grocery Shadow Anchor: Located at a main access point to Cub Foods.; - Highway Visibility: Direct visibility off Highway 169.
    (612) 720-3259
    Request Owner's contact information
    1400 S Riverfront Dr 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
    1400 S Riverfront Dr Mankato, MN 56001
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