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Planet Fitness-Anchored Retail Center
For Sale
$9,950,000

1809-1859 Adams Street, Mankato, MN 56001

For-sale retail shopping center anchored by Planet Fitness and positioned directly across from River Hills Mall in Mankato, MN.

Property Size47,136 SF
Price / SF$211.70
Days on Market48

Property Features for 1809-1859 Adams Street

General Information

Standard status Active
Size 47,136 SF
Property subtype Retail - Strip

Building Details

Building Size 47,136 SF
Units 9
Tenancy Multi
Listing Agency: Landmark Real Estate
Listed By: Jon Kietzer · License #40192489
Source: Commercialcafe
Added: Jul 20 Changed: Aug 28 Last Checked: Sep 5 at 4:34AM

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 Landmark Real Estate

Investment Insights

Based on property information with market context.

This for-sale shopping center is anchored by Planet Fitness and includes a total of nine tenants. The property is a multi-tenant retail configuration that also lists Best Buy and Sleep Number mattresses among its current occupants, with Chick-fil-A noted as coming soon.

The center is located directly across the street from River Hills Mall, a retail draw identified in the remarks as bringing shoppers from as far as northern Iowa. Additional neighborhood context in the remarks supports the center’s role as a high-traffic retail destination in the Mankato area.

Overall, the property offers a concentrated retail tenant mix within a centrally positioned shopping center anchored by a major fitness operator.

Key Highlights

  • Retail shopping center in Mankato, MN located directly across from River Hills Mall
  • Anchored by Planet Fitness
  • Total of 9 tenants in the 47,000 SF center

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility Building Supply Bakery Accounting Firm

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

924
Businesses Nearby
1.2M
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 30% Dining 23% Apparel 19% Groceries 11%
Target Superstores
126,351 visits/mo 0.3 miles
Walmart Superstores
126,171 visits/mo 0.5 miles
Scheels Apparel
111,790 visits/mo 0.2 miles
Sam's Club Superstores
103,086 visits/mo 0.4 miles
Hy-Vee Groceries
70,821 visits/mo 0.5 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?
Shopping center - For-sale retail shopping center anchored by Planet Fitness and positioned directly across from River Hills Mall in Mankato, MN.
Where is this shopping center located?
The property is located at 1809-1859 Adams Street Mankato, MN.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Retail shopping center in Mankato, MN located directly across from River Hills Mall; Anchored by Planet Fitness; Total of 9 tenants in the 47,000 SF center
More about this property
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