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White-Box Retail Space
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242 Belgrade Avenue #101, North Mankato, MN 56003

New construction offers a shell ready for tenant buildout under a NNN lease structure.

Space SizeContact for details
Days on Market9

Property Features for 242 Belgrade Avenue #101

General Information

Standard status Active
Zoning Business/Commercial
Lease Type NNN

Space & Availability

Space Use Office
Condition Shell
Furnished No

Lease Terms

Lease Rate $30 /SF/YR
Rent per SF/Year $30

Taxes and HOA fees

Annual Taxes $6,239

Building Details

Year Built 2026
Units 1
Listing Agency: Keller Williams Premier Realty
Listed By: Shawna L. Wolfe · License #20215401
Source: Getyoumoved
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 29 at 11:24PM

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

Rey
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Investment Insights

Based on property information with market context.

This retail space at 242 Belgrade Avenue #101 in North Mankato is new construction, completed in 2026. The premises are offered in white-box condition, providing a shell for tenant buildout. Zoning is Business/Commercial.

The lease is structured as NNN. The tenant is responsible for utilities, a pro-rata share of property taxes, insurance, and CAM; buildout costs are not included.

Key Highlights

  • 2026 construction
  • White‑box condition for tenant buildout
  • Business/Commercial zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Barber Shop Locksmith Pet Grooming Service Carpet & Flooring 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,577
Businesses Nearby
44k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 47% Dining 33% Hotels & Casinos 12% Shops & Services 5%
Hy-Vee Groceries
20,686 visits/mo 0.3 miles
Arby's Dining
8,606 visits/mo 0.5 miles
Hilton Garden Inn, Mankato Downtown Hotels & Casinos
5,134 visits/mo 0.3 miles
Jersey Mike's Subs Dining
4,898 visits/mo 0.4 miles
Wells Fargo Shops & Services
2,396 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
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - New construction offers a shell ready for tenant buildout under a NNN lease structure.
Where is this retail space located?
The property is located at 242 Belgrade Avenue #101 North Mankato, MN.
What are key features of this property?
This property features: 2026 construction; White‑box condition for tenant buildout; Business/Commercial zoning
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