Retail Space in Prime
For Sale
Contact for pricing
2020 Adams St, Mankato, MN 56001
Retail space with long-term tenant in Mankato's retail corridor.
Property Size23,503 SF
Price / SF$154.80
Days on Market166
Property Features for 2020 Adams St
General Information
Standard status
Active
Size
23,503 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$282,036
Building Details
Year Built
1997
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Brisky Net Lease
(612) 413-4200
Listed By:
Brian Brisky · License #MN 40546562
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 3:20PM
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 Brisky Net Lease
Investment Insights
Based on property information with market context.
This retail space is located within Mankato’s primary retail corridor, near the junction of Highways 14 and 22. The property benefits from visibility and accessibility, and is located next door to a high-performing Hy-Vee grocery store. The surrounding trade area includes national retailers such as Target, Walmart, Sam's Club, and Best Buy. The property is located in Mankato, a regional hub for south-central Minnesota and northern Iowa, serving approximately 1.6 million people within a 60-mile radius. Mankato is home to Minnesota State University, Mankato. The Mankato–North Mankato MSA has a population of just over 100,000 residents. The population within a 10-mile radius exceeds 75,000, with average household incomes above $90,000. The property is occupied by Office Depot/OfficeMax, which has operated at this location for many years. The tenant has approximately two years remaining on the current lease term, followed by four five-year renewal options with scheduled rent increases in each option period. The property size is 23503 square feet. Atlas Holdings is Office Depot’s new private equity owner as of December 2025.
Key Highlights
- Adjacent to Top‑Performing Hy‑Vee Grocery Anchor, ranked in the 96th percentile nationwide and the top location in Minnesota.
- Located in a Dominant Retail Corridor near Highways 14 and 22, offering high visibility and accessibility.
- Long‑Term Tenant – Office Depot/OfficeMax with approximately two years remaining on the current lease and four five‑year renewal options with scheduled rent increases.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
500k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 25%
Dining 24%
Apparel 20%
Groceries 14%
Target
Superstores
126,351 visits/mo
0.3 miles
Hy-Vee
Groceries
70,821 visits/mo
0.1 miles
T.J. Maxx
Apparel
57,457 visits/mo
0.5 miles
McDonald's
Dining
41,357 visits/mo
0.2 miles
Applebee's
Dining
26,135 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with long-term tenant in Mankato's retail corridor.
Where is this retail space located?
The property is located at 2020 Adams St Mankato, MN.
What is the asking price?
The asking price for this property is $3,638,174.
What are key features of this property?
This property features: Adjacent to Top‑Performing Hy‑Vee Grocery Anchor, ranked in the 96th percentile nationwide and the top location in Minnesota.; Located in a Dominant Retail Corridor near Highways 14 and 22, offering high visibility and accessibility.; Long‑Term Tenant – Office Depot/OfficeMax with approximately two years remaining on the current lease and four five‑year renewal options with scheduled rent increases.
