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Entertainment and Restaurant Hub
For Lease
$15 SF/Yr

1850 Madison Ave, Mankato, MN 56001

Repurposed family entertainment and restaurant hub in prime location.

Space SizeContact for details
Days on Market166

Property Features for 1850 Madison Ave

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 1985
Listing Agency: NAI North Star
Listed By: David Schooff · License #MN #40137517
Source: Naiglobal
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 19 at 6:12AM

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 NAI North Star

Investment Insights

Based on property information with market context.

Repurposed in 2023, this property is a family entertainment and restaurant hub. It houses Green Mill to Go, Crooked Pint Ale House, UNRL Rink (a Junior Sized Indoor Hockey Complex with Executive Suites and Event Space), an arcade, and an 800-person venue. The property also features outdoor pickleball courts, two-story access, and a planned academy for competitive youth. Leasing options include built-to-suit or as-is, and all spaces have 20'+ ceiling heights. Building signage is available on the primary retail thoroughfare. A design team is available for specs upon request. Shared amenities include shared restaurant/menu selections, ample customer parking, high traffic (30,000+ VPD), and nearby hospitality accommodations. The property is located at the intersection of Madison Ave and Sioux Road in Mankato's prime retail/shopping district, with access from Sioux Road and Adam's Street. It is centrally located near Wal-Mart, Target, River Hills Mall, Starbucks, and Cub Foods. Location metrics indicate 15,941 AADT at Madison Ave and 5,181 AADT at Sioux Rd in the NW quadrant of Mankato, MN, Blue Earth County. Tenant improvement is available.

Key Highlights

  • Repurposed in 2023 as a family entertainment and restaurant hub with diverse revenue streams.
  • Prime retail location at a high‑traffic intersection (30,000+ VPD) near major retailers.
  • UNRL Rink: Junior Sized Indoor Hockey Complex with Executive Suites and Event Space.

Property Analytics

Current Use

UNRL Rink Ice Skating Rink higi Physician ETS Performance Mankato Gym & Fitness Center Jacqueline Jones Physician The Venue Music Venue

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Storage Facility Kitchen & Bath Showroom Locksmith

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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

896
Businesses Nearby
1.2M
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 29% Dining 24% Apparel 19% Shops & Services 17%
Target Superstores
126,351 visits/mo 0.4 miles
Walmart Superstores
126,171 visits/mo 0.3 miles
Scheels Apparel
111,790 visits/mo 0.4 miles
Sam's Club Superstores
103,086 visits/mo 0.3 miles
T.J. Maxx Apparel
57,457 visits/mo 0.4 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 - Repurposed family entertainment and restaurant hub in prime location.
Where is this retail space located?
The property is located at 1850 Madison Ave Mankato, MN.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Repurposed in 2023 as a family entertainment and restaurant hub with diverse revenue streams.; Prime retail location at a high‑traffic intersection (30,000+ VPD) near major retailers.; UNRL Rink: Junior Sized Indoor Hockey Complex with Executive Suites and Event Space.
More about this property
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