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Three-Story Mixed-Use Property
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1633 Monks Ave, Mankato, MN 56001

Combines service-based retail with student housing and full apartment kitchens.

Property Size46,446 SF
Price / SF$165.78
Days on Market187

Property Features for 1633 Monks Ave

General Information

Standard status Active
Size 46,446 SF
Property subtype MULTIFAMILY

Additional Details

Anchor Co-Tenants Qdoba, Subway

Amenities

full kitchen appliance set
in unit washer & dryer
air conditioning
free high speed wireless internet

Building Details

Stories 3
Tenancy Multi
Listing Agency: CBRE - Minnesota
Listed By: Sean Doyle
Source: Moodyscre
Added: Feb 25 Changed: Aug 31 Last Checked: Aug 31 at 7:50PM

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 CBRE - Minnesota

Investment Insights

Based on property information with market context.

This three-story mixed-use asset contains 46,446 square feet, including 12,327 square feet of main-floor retail and student housing for 69 beds. The retail component is occupied by service-oriented businesses, with Qdoba and Subway serving as anchors. Residential units feature open kitchens with center islands and tabletop bars, along with spacious bedrooms, large closets, and multiple bathrooms.

Apartment amenities include complete kitchen appliance packages, in-unit laundry, air conditioning, and high-speed wireless internet. The property is located one block from Minnesota State University Mankato, placing the student housing component close to the university campus while pairing it with an established retail offering.

Key Highlights

  • 46,446‑square‑foot, three‑story mixed‑use property
  • 12,327 square feet of main‑floor retail space
  • Student housing component with 69 beds

Property Analytics

Current Use

Subway Take-out & Catering PerfecTan Plus Tanning Salon The Lofts @ 1633 Apartment Building Baxter's Hair Shop Hair Salon Yu's Chinese Cuisine Restaurant

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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combines service-based retail with student housing and full apartment kitchens.
Where is this mixed-use property located?
The property is located at 1633 Monks Ave Mankato, MN.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: 46,446‑square‑foot, three‑story mixed‑use property; 12,327 square feet of main‑floor retail space; Student housing component with 69 beds
(612) 720-3259 Call to check price and availability
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