Flexible-Plan Office
44 Good Counsel Dr, Mankato, MN 56001
For Sale
Contact for pricing
On-site parking serves the suite at a professionally maintained office property.
Property Size1,880 SF
Price / SF$1.60
Days on Market9
Property Features for 44 Good Counsel Dr
General Information
Standard status
Size
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
TRUE REAL ESTATE
Listed By:
Karen Toft · License MN #40611409
(507) 381-2969
Source:
Exprealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 4:08PM
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 TRUE REAL ESTATE
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Investment Insights
Based on property information with market context.
Suite 200 contains 1,880 square feet of office space in a maintained building, with a layout suited to varied professional office needs. On-site parking is available for staff and visitors.
The property is near Highway 14 and North Riverfront Drive, with access to Mankato, North Mankato, and surrounding communities.
The property is near Highway 14 and North Riverfront Drive, with access to Mankato, North Mankato, and surrounding communities.
Key Highlights
- 1,880 square feet of office space in Suite 200
- On‑site parking for staff and visitors
- Near Highway 14 and North Riverfront Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,078
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,560
$421.6K
Cap Rate 7%
$301,114
$301.1K
Cap Rate 9%
$234,200
$234.2K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$37.2K $19.80/SF
− Vacancy
−$9.1K −$4.85/SF
EGI
$28.1K $14.95/SF
− OpEx
−$7.0K −$3.74/SF
NOI
$21.1K $11.21/SF
Area
Blue Earth County, MN
Vacancy
24.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,560
Cap Rate 7%
$301,114
Cap Rate 9%
$234,200
Alternative Uses
Best Use
Office B
$301.1K
$263.5K – $351.3K
NOI $21,078 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - On-site parking serves the suite at a professionally maintained office property.
Where is this office unit located?
The property is located at 44 Good Counsel Dr Mankato, MN.
What are key features of this property?
This property features: 1,880 square feet of office space in Suite 200; On‑site parking for staff and visitors; Near Highway 14 and North Riverfront Drive
