Madison East Center Retail
For Lease
$6 SF/Yr
1400 Madison Ave, Mankato, MN 56001
Repurposed retail property with medical-retail focus, office and industrial potential.
Space SizeContact for details
Days on Market166
Property Features for 1400 Madison Ave
General Information
Standard status
Active
Property subtype
Office
Building Details
Year Built
1968
Listing Agency:
NAI North Star
(507) 380-7340
Listed By:
David Schooff · License #MN #40137517
(507) 380-7340
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 19 at 5:37AM
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 NAI North Star
Investment Insights
Based on property information with market context.
The Madison East Center is a repurposed retail property with a medical-retail focus, offering spaces for lease. It is known for professional leases and long tenure with established community leaders, including Mayo Clinic, Rasmussen, Mankato Clinic, and DaVita, along with other medical, retail, and human services tenants. The property offers retail to office/industrial spaces, with potential for small offices and junior-box configurations. Square footages range from 800 to over 19,000, depending on specific needs. The ownership group is creative, and professional management is available to help demise or create suitable spaces for various businesses. The Madison East Center is located on Madison Ave and North Victory Drive, next to one of the busiest retail intersections in Mankato, with a traffic count exceeding 30,000 vehicles per day. Victory Drive provides access to both Highway 14 and Mankato State University. The location is highly visible and situated within one of the highest medical/human services consumer bases in the region. The property benefits from over 30,000 vehicles per day, 1,500+ daily visitors and employees, professional 24/7 management, and an emphasis on medical-retail and human services, with private office to junior box potential.
Key Highlights
- High Visibility Location: Located on Madison Ave and North Victory Drive, next to a busy retail intersection with 30,000+ vehicles per day.
- Established Medical‑Retail Focus: Known for professional leases and long tenure with established community leaders like Mayo Clinic and Mankato Clinic.
- High Traffic: Benefits from 1,500+ daily visitors and employees.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Repurposed retail property with medical-retail focus, office and industrial potential.
Where is this retail space located?
The property is located at 1400 Madison Ave Mankato, MN.
What is the lease rate?
The lease rate is $6 SF/Yr.
What are key features of this property?
This property features: High Visibility Location: Located on Madison Ave and North Victory Drive, next to a busy retail intersection with 30,000+ vehicles per day.; Established Medical‑Retail Focus: Known for professional leases and long tenure with established community leaders like Mayo Clinic and Mankato Clinic.; High Traffic: Benefits from 1,500+ daily visitors and employees.
