Single Tenant Retail
For Sale
Contact for pricing
2020 Adams St., Mankato, MN 56001
Retail space for sale in Blue Earth County.
Property Size23,500 SF
Price / SF$133.09
Days on Market157
Property Features for 2020 Adams St.
General Information
Standard status
Active
Size
23,500 SF
Class
B
Total Parking Spaces
132
Property subtype
Retail
Zoning
B-3
Lease Type
NNN
Building Details
Year Built
1997
Tenancy
Single
Listing Agency:
Kin Properties Inc
Listed By:
Dan Corwin · License #FL
(561) 620-9200
Source:
Crexi
Added: May 13
Changed: Oct 8
Last Checked: Oct 16 at 8:08AM
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 Kin Properties Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-tenant retail box is available for sale and is situated adjacent to a high-performing Hyvee location. The property is located in the primary retail node for Blue Earth County. The property has a size of 23,500 square feet.
Key Highlights
- Single tenant box available.
- Located adjacent to a high performing Hyvee location.
- Positioned in the primary retail node for Blue Earth county.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,395
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,167,900
$4.2M
Cap Rate 7%
$2,977,071
$3.0M
Cap Rate 9%
$2,315,500
$2.3M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$324.3K $13.80/SF
− Vacancy
−$26.6K −$1.13/SF
EGI
$297.7K $12.67/SF
− OpEx
−$89.3K −$3.80/SF
NOI
$208.4K $8.87/SF
Area
Blue Earth County, MN
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,167,900
Cap Rate 7%
$2,977,071
Cap Rate 9%
$2,315,500
Alternative Uses
Best Use
Retail
$2.98M
$2.60M – $3.47M
NOI $208,395 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,123 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
1.2M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Dining 23%
Apparel 21%
Shops & Services 12%
Target
Superstores
126,351 visits/mo
0.2 miles
Walmart
Superstores
126,171 visits/mo
0.5 miles
Scheels
Apparel
111,790 visits/mo
0.4 miles
Sam's Club
Superstores
103,086 visits/mo
0.5 miles
Hy-Vee
Groceries
70,821 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale in Blue Earth County.
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 $3,127,700.
What are key features of this property?
This property features: Single tenant box available.; Located adjacent to a high performing Hyvee location.; Positioned in the primary retail node for Blue Earth county.
