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    1745 Commerce Dr North Mankato, MN 56003

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    For Sale
    $795,000

    Second-generation restaurant space with drive-through in high-traffic area.

    Property size:
    3,100 SF
    Lot size:
    1.04 Acres

    Property Features for 1745 Commerce Dr

    General Information

    Zoning
    3A
    Size
    3,100 SF
    Lot size
    1.04 Acres

    Building Details

    Year built
    1991

    Source: Zach Alms Agent Zach Alms

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

    Overview

    North Mankato Restaurant Opportunity

    This property presents an opportunity to purchase or lease a second-generation restaurant space situated in a high-traffic area of North Mankato. The 1.04-acre property features an existing drive-through infrastructure and is equipped with a walk-in freezer. The property offers visibility off Commerce Drive. Its location is near national and local businesses, including Starbucks, Walgreens, Caribou Coffee, Chipotle, and Kwik Trip, as well as several local restaurants. The 3,100-square-foot site is positioned to benefit from neighboring traffic and the convenience of upper North Mankato. This property is suitable for a quick-service restaurant or food concept seeking a ready-to-go setup in a commercial corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.036252
    Latitude
    44.178367

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    FAQs

    What type of property is this?
    Drive through restaurant - Second-generation restaurant space with drive-through in high-traffic area.
    Where is this drive through restaurant located?
    The property is located at 1745 Commerce Dr North Mankato, MN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - High-traffic location off Commerce Drive in North Mankato.; - Existing drive-through infrastructure.; - Well-equipped second-generation restaurant space.
    (507) 381-9123
    Request Owner's contact information
    1745 Commerce Dr North Mankato, MN 56003
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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
    1745 Commerce Dr North Mankato, MN 56003
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