Flex Space with
New
For Lease
$1,750/Mo
54040 Loren Drive, Mankato, MN 56001
COMMERCIAL, Mankato, MN
Space Size2,400 SF
Days on Market3
Property Features for 54040 Loren Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Elementary school district
Mankato #77
Middle school district
Mankato #77
High school district
Mankato #77
Subdivision
MANKATO-LEHILLR-SB-MINP
Standard status
Active
APN
R50.08.19.400.010
Taxes and HOA fees
Tax Year
2026
Tax Description
201-1A/1B/4BB RESIDENTIAL SINGLE UNIT; 3A COMMERCIAL LAND AND BUILDING; 3A INDUSTRIAL LAND AND BUILDING
Tax Annual Amount
17627
Legal Description
201-1A/1B/4BB RESIDENTIAL SINGLE UNIT; 3A COMMERCIAL LAND AND BUILDING; 3A INDUSTRIAL LAND AND BUILDING
Utilities
Heating system
Forced Air
Water source
Private
Building Details
Year built
2006
Roof type
Metal
Listing Agency:
Connect Real Estate Group
(507) 779-7319
Listed By:
Kellie Krumwiede
(507) 399-9889
Added: Aug 27
Last Checked: Aug 29 at 9:06PM
MLS# 267041317
Copyright © 2026 Realtor Association of Southern Minnesota. 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.
This 2,400-square-foot flex building combines practical office and shop components within a metal pole-building structure. The layout includes a 1,200-square-foot shop, three offices, two bathrooms, and an additional 16-by-30-foot garage. Forced-air heating, a metal roof, and private water service are in place. The building was constructed in 2006.
Located just off Highway 169 at 54040 Loren Drive in Mankato, the property offers parking at the front of the building with limited additional parking behind it. The tenant is responsible for all utilities.
Located just off Highway 169 at 54040 Loren Drive in Mankato, the property offers parking at the front of the building with limited additional parking behind it. The tenant is responsible for all utilities.
Key Highlights
- 2,400 square feet including a 1,200‑square‑foot shop
- Three offices and two bathrooms
- Additional 16X30 garage space
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.31 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal-roofed commercial building with offices, restrooms, workshop area, garage space, and on-site parking.
Where is this flex space located?
The property is located at 54040 Loren Drive Mankato, MN.
What is the lease rate?
The lease rate is $1,750/Mo.
What are key features of this property?
This property features: 2,400 square feet including a 1,200‑square‑foot shop; Three offices and two bathrooms; Additional 16X30 garage space
