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Retail Space Near University
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1601 Monks Avenue, Mankato, MN 56001

COMMERCIAL, Mankato, MN

Property Size2,444 SF
Price / SF$1.67
Days on Market588

Property Features for 1601 Monks Avenue

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Mankato #77
Middle school district Mankato #77
High school district Mankato #77
Subdivision MANKATO HILLTOP
Standard status Active
APN R010920153016

Taxes and HOA fees

Tax Year 2024
Tax Description legal to govern
Tax Annual Amount 446247
Legal Description legal to govern

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 2012
Roof type Flat
Listing Agency: RE/MAX DYNAMIC AGENTS · RE/MAX International
Listed By: CARLOS CARRERA · License #20451253
Added: Jan 21, 2025 Changed: Aug 19 Last Checked: Sep 1 at 6:06AM
MLS# 7036636

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.

The offering is a 2,444-square-foot retail space within Monks Ave Retail Center at 1601 Monks Avenue in Mankato. Constructed in 2012, the property includes central air conditioning, forced-air heating, and a flat roof.

The center is positioned near Minnesota State University, Mankato, with access to a hard stoplight and a corridor serving both vehicle and pedestrian traffic. Co-tenancy includes CVS, Domino's, Qdoba, Subway, and Kwik Trip, bringing established retail and service operators to the surrounding center.

Key Highlights

  • 2,444 SF retail space in Monks Ave Retail Center
  • Located at 1601 Monks Avenue, Mankato, MN 56001
  • Near Minnesota State University, Mankato

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby
94k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 42% Hotels & Casinos 3%
Kwik Trip Shops & Services
39,398 visits/mo 0.2 miles
Noodles & Company Dining
13,331 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
10,146 visits/mo 0.2 miles
Caribou Coffee Dining
7,941 visits/mo 0.2 miles
Cold Stone Creamery Dining
6,316 visits/mo 0.2 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

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
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Frequently Asked Questions

What type of property is this?
Retail space - Built in 2012 with central air, forced-air heating, and a flat roof.
Where is this retail space located?
The property is located at 1601 Monks Avenue Mankato, MN.
What are key features of this property?
This property features: 2,444 SF retail space in Monks Ave Retail Center; Located at 1601 Monks Avenue, Mankato, MN 56001; Near Minnesota State University, Mankato
More about this property
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