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New Construction Retail Space
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242 Belgrade Ave, North Mankato, MN 56003

White-box delivery gives occupants flexibility to create a customized retail, office, or service-oriented interior.

Property SizeContact for details
Days on Market20

Property Features for 242 Belgrade Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $6,239
Listing Agency: Keller Williams Premier Realty
Listed By: SHAWNA WOLFE · License #20215401
Source: Exprealty
Added: Jul 31 Changed: Aug 14 Last Checked: Aug 19 at 12:06PM

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 Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This newly constructed retail space is delivered as a white-box shell, providing a clean starting point for tenant improvements. The open condition allows the interior to be planned around retail, office, or service-based operations rather than adapting an existing layout. Modern building systems and code-compliant infrastructure are in place, with no deferred maintenance identified in the property information.

The property is located at 242 Belgrade Ave in North Mankato, Minnesota. The site is described as a high-visibility location on Belgrade Avenue, offering a newly built commercial setting for a customized occupant buildout.

Key Highlights

  • Brand‑new construction delivered in white‑box condition
  • Flexible interior configuration for retail, office, or service‑based use
  • Modern systems and code‑compliant infrastructure

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Barber Shop Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store

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

1,577
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - White-box delivery gives occupants flexibility to create a customized retail, office, or service-oriented interior.
Where is this retail space located?
The property is located at 242 Belgrade Ave North Mankato, MN.
What are key features of this property?
This property features: Brand‑new construction delivered in white‑box condition; Flexible interior configuration for retail, office, or service‑based use; Modern systems and code‑compliant infrastructure
More about this property
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