Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space with Mezzanine Level Title is generated by Realmo AI

    1701 Adams St, Mankato, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space featuring a mezzanine level with offices and storage.

    Type:RETAIL
    Property size:
    9,819 SF
    Lot size:
    1.46 Acres
    Added:
    Jan 25, 2024
    Days on Market:
    841
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 1701 Adams St

    General Information

    Standard status
    Active
    Size
    9,819 SF
    Lot size
    1.46 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1701 Adams St Contact us

    We can help!

    Listing Contact
    Kris Schisel

    Listing agent Kris Schisel

    Listing office Transwestern

    Listing date Jan 25, 2024

    Source Moodyscre

    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 Transwestern

    HighLights

    • Renovated restrooms and brand new shower rooms enhance the property.
    • Mezzanine level featuring three offices, work room, and storage.
    • Four boutique training/treatment rooms offer versatile space.
    • Double door back access simplifies deliveries.
    • Vestibule entrance.
    • Storage areas.

    Overview

    This retail space features a mezzanine level that includes three offices, a work room, and storage areas. The main level offers a vestibule entrance, two renovated restrooms, and two new shower rooms. There are also four boutique training or treatment rooms. Double-door back access is available for deliveries and storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9598
    Latitude
    44.1691

    Nearby Similar for Sale

    • $625,000
      8,208 SF

      Mankato Commercial Space For Sale

      8208 SF commercial space in Mankato's Contractors Park.
      1072 S Victory Drive, Mankato, MN 56001
      View Details
    • $1,195,000
      6,528 SF

      Renovated Mankato 4-Plex Townhome

      Fully renovated, occupied 4-unit townhome with modern appeal and income stability.
      412 Holly Lane, Mankato, MN 56001
      View Details
    • $564,900

      Mankato Investment Property For Sale

      Investment property with four income streams in Mankato, Minnesota.
      520 S 2nd Street, Mankato, MN 56001
      View Details
    • $599,000
      3,820 SF

      Mankato Six-Unit Investment Property

      Fully leased six-unit apartment building in downtown Mankato, Minnesota.
      221 E Walnut Street, Mankato, MN 56001
      View Details
    • $390,000
      4,911 SF

      Mankato Turnkey Investment Opportunity

      Four-unit property in downtown Mankato generating $3,075 monthly income.
      303 N Broad Street, Mankato, MN 56001
      View Details
    • $445,000
      1,890 SF

      Mankato Home with Private Views

      Well-maintained home with quality finishes and secluded views.
      725 Augusta Drive, Mankato, MN 56001
      View Details
    • $589,000

      Mankato Office Space with Lake View

      Well-appointed office space with lake views and modern amenities.
      75 Teton Lane, Mankato, MN 56001
      View Details
    • $2,100,000

      Mankato Apartment Building Investment

      28-unit apartment building with renovation opportunities near downtown Mankato.
      123 N 4th Street, Mankato, MN 56001
      View Details
    • $639,900
      2,552 SF

      Siesta Hills Townhome with Amenities

      Two-bedroom townhome in Siesta Hills with access to amenities.
      1046 Saba Boulevard, Mankato, MN 56001
      View Details
    • $639,900
      2,552 SF

      Siesta Hills Townhome

      Two-bedroom townhome in Siesta Hills community with luxury amenities.
      1042 Saba Boulevard, Mankato, MN 56001
      View Details
    • $639,900
      2,552 SF

      Siesta Hills Townhome

      Two-bedroom townhome in Siesta Hills community with luxury amenities.
      1048 Saba Boulevard, Mankato, MN 56001
      View Details
    • $2,100,000

      Mankato Multi-Family Investment Opportunity

      28-unit apartment building near downtown Mankato with renovation potential.
      123 N 4th Street, Mankato, MN 56001
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space featuring a mezzanine level with offices and storage.
    Where is this retail space located?
    The property is located at 1701 Adams St Mankato, MN.
    What are key features of this property?
    This property features: Renovated restrooms and brand new shower rooms enhance the property.; Mezzanine level featuring three offices, work room, and storage.; Four boutique training/treatment rooms offer versatile space.
    (612) 343-4200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kris Schisel
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1701 Adams St, Mankato, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!