Flexible Storefront
For Sale
Contact for pricing
615 S Front St, Mankato, MN 56001
The commercial space supports group meetings, events, and other activities in a downtown setting.
Property Size5,300 SF
Price / SF$0.00
Days on Market684
Property Features for 615 S Front St
General Information
Standard status
Active
Size
5,300 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$13,797
Listing Agency:
RE/MAX Dynamic Agents
Listed By:
CARLOS A CARRERA · License #20451253
(507) 720-4663
Source:
Exprealty
Added: Dec 3, 2024
Changed: Oct 15
Last Checked: Oct 16 at 11:02AM
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
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Investment Insights
Based on property information with market context.
This storefront property includes 1,900 square feet of space that can accommodate group meetings, events, and other activities. Its configuration provides a flexible setting for users seeking a commercial venue in the downtown district.
The property is located at 615 S Front St near Front and Warren Streets in Mankato. The surrounding area is described as having substantial pedestrian and vehicular activity. Riverfront Drive and Highway 169 are readily accessible, connecting the property with key transportation routes used by customers and suppliers.
The property is located at 615 S Front St near Front and Warren Streets in Mankato. The surrounding area is described as having substantial pedestrian and vehicular activity. Riverfront Drive and Highway 169 are readily accessible, connecting the property with key transportation routes used by customers and suppliers.
Key Highlights
- 1,900 square feet of commercial space
- Located near Front and Warren Streets in downtown Mankato
- Supports group meetings, events, and other activities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,000
$940.0K
Cap Rate 7%
$671,429
$671.4K
Cap Rate 9%
$522,222
$522.2K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$73.1K $13.80/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$67.1K $12.67/SF
− OpEx
−$20.1K −$3.80/SF
NOI
$47.0K $8.87/SF
Area
Blue Earth County, MN
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,000
Cap Rate 7%
$671,429
Cap Rate 9%
$522,222
Alternative Uses
Best Use
Retail
$671.4K
$587.5K – $783.3K
NOI $47,000 @ 7.0% cap · market cap 587,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$916.6K – $1.22M
NOI $73,326 @ 7.0% cap · market cap 916,575.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,716
Businesses Nearby
92k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 25%
Groceries 22%
Hotels & Casinos 6%
Kwik Trip
Shops & Services
35,520 visits/mo
0.5 miles
Hy-Vee
Groceries
20,686 visits/mo
0.2 miles
Arby's
Dining
8,606 visits/mo
0.1 miles
Hilton Garden Inn, Mankato Downtown
Hotels & Casinos
5,134 visits/mo
0.2 miles
Jersey Mike's Subs
Dining
4,898 visits/mo
0.1 miles
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Cub Foods Floral — Mankato, MN 56001
- May Flower — Sibley Pkwy, Mankato, MN 56001
- Budding Creations — Mankato, MN 56001, United States
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial space supports group meetings, events, and other activities in a downtown setting.
Where is this storefront property located?
The property is located at 615 S Front St Mankato, MN.
What are key features of this property?
This property features: 1,900 square feet of commercial space; Located near Front and Warren Streets in downtown Mankato; Supports group meetings, events, and other activities
