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Former Bank Office Building
For Sale
Contact for pricing

245 Belgrade Ave, North Mankato, MN 56003

Open-concept commercial layout with office areas and an existing USPS lease component.

Property SizeContact for details
Days on Market144

Property Features for 245 Belgrade Ave

General Information

Standard status Active
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Coldwell Banker Commercial Fisher Group
Listed By: Dain Fisher
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 8:11AM

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 Coldwell Banker Commercial Fisher Group

Investment Insights

Based on property information with market context.

This former bank property at 245 Belgrade Ave in North Mankato offers an open commercial interior with broad floor areas and dedicated office space. The building includes a 700-square-foot USPS lease component and can support a range of office-oriented operations within its existing configuration.

The property fronts Belgrade Avenue in lower North Mankato, among eateries, retail shops, an architectural firm, and a new bank development. It is located blocks from the US-169 on-ramp and less than 1 mile from Mankato’s City Center and the river valley. Belgrade Avenue is also associated with the Business on Belgrade business association.

Key Highlights

  • Former bank building with an open commercial interior
  • 700‑square‑foot USPS lease component
  • Broad floor areas plus dedicated office space

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Storage Facility Grocery & Convenience Store Barber Shop Locksmith Pet Grooming Service

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

Yes
Highway access
Yes
Paved road access

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?
Office building - Open-concept commercial layout with office areas and an existing USPS lease component.
Where is this office building located?
The property is located at 245 Belgrade Ave North Mankato, MN.
What are key features of this property?
This property features: Former bank building with an open commercial interior; 700‑square‑foot USPS lease component; Broad floor areas plus dedicated office space
(507) 469-0545 Call to check price and availability
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