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Shopping Center 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 Market578

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: Aug 22 at 9:06PM
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.

This retail suite is located within the Monks Ave Retail Center, positioned just steps away from Minnesota State University, Mankato. The space totals 2,444 SF and is set up for retail use within a multi-tenant environment.

The location is described as being near a hard stoplight, supporting steady vehicular and pedestrian traffic. The surrounding retail mix includes CVS, Domino's, Qdoba, Subway, and Kwik Trip.

Built in 2012, the suite features a flat roof and is served by forced air heating and central air conditioning, providing a practical baseline for retail tenant operations.

Key Highlights

  • 2,444 SF retail suite within Monks Ave Retail Center
  • Near Minnesota State University, Mankato (just steps away)
  • Near a hard stoplight for steady vehicular and pedestrian traffic

Property Analytics

Current Use

Shopping centers

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
Under-served
Demand for This Use

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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Similar Off Market Nearby

  • Bike Repair Station Highland Complex: Otto Rec Center (OR), Highland Central (HC) & North (HN), Pennington (PH), Mankato

Frequently Asked Questions

What type of property is this?
Shopping center - Retail suite in a retail center near Minnesota State University, Mankato with forced-air heating and central air.
Where is this shopping center 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 suite within Monks Ave Retail Center; Near Minnesota State University, Mankato (just steps away); Near a hard stoplight for steady vehicular and pedestrian traffic
More about this property
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