Building Details

Year built 2026

Listing Agency: Keller Williams Premier Realty · Keller Williams Realty k***@kw.com Show Phone

Listed By: Shawna L. Wolfe · License #20215401 Show Phone

Added: Jul 31 Changed: Oct 8 Last Checked: Oct 9 at 5:06PM

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MLS# 7119437

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Retail space under construction at 242 Belgrade Avenue is planned for white-box delivery, allowing a tenant to complete the interior buildout. The property is listed with a 2026 year built and includes forced-air heating.

The site comprises 0.34 acres and has a parking lot with guest parking.

Key Highlights

• Planned white‑box delivery for tenant buildout
• 0.34‑acre site at 242 Belgrade Avenue
• Year built: 2026

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Locksmith Dental Office Storage Facility Grocery & Convenience Store Barber Shop Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,456

Businesses Nearby

41k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 51% Dining 36% Hotels & Casinos 13%

Hy-Vee Groceries

20,686 visits/mo 0.4 miles

Arby's Dining

8,606 visits/mo 0.5 miles

Hilton Garden Inn, Mankato Downtown Hotels & Casinos

5,134 visits/mo 0.4 miles

Jersey Mike's Subs Dining

4,898 visits/mo 0.4 miles

Papa Murphy's Dining

1,265 visits/mo 0.4 miles

Demographics for 56003, MN

15,221

Population

6,543

Households

2.3

Avg Household Size

38

Median Age

43%

College-Educated

98%

High-School Grad

44.0 sq mi

ZIP Area

346

Density / Sq Mi

$80,587

Median Household Income

$46,544

Median Earnings

$920

Median Rent

$260,800

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - The planned white-box delivery leaves the interior available for tenant buildout.

Where is this retail space located?

The property is located at 242 Belgrade Avenue North Mankato, MN.

What are key features of this property?

This property features: Planned white‑box delivery for tenant buildout; 0.34‑acre site at 242 Belgrade Avenue; Year built: 2026