Office Unit with Lake
New
For Sale
$579,900
Pending
75 Teton Lane, Mankato, MN 56001
A flexible office layout includes private work areas, a conference room, a full kitchen, and separate public and private entries.
Property Size2,567 SF
Days on Market6
Property Features for 75 Teton Lane
General Information
Standard status
Pending
Size
2,567 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Property Use
Office
Amenities
lake views
gas fireplace
conference room/library
reception area
full kitchen
in-unit washer and dryer
public and private entrances
extra storage area
ADA-compliant bathrooms
Building Details
Building Size
2,567 SF
Year Built
1976
Units
1
Listing Agency:
True Real Estate
Listed By:
Karen Toft · License #40611409
(507) 381-2969
Source:
Getyoumoved
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:24PM
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 True Real Estate
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Investment Insights
Based on property information with market context.
This 2,567-square-foot office unit, built in 1976, combines three private offices with a sizable conference room/library and a reception area. One office has a gas fireplace. The floor plan also includes two bathrooms fitted with ADA-compliant grab bars, a full kitchen, and an in-unit washer and dryer. Public and private entrances provide separate access options, while a two-stall garage and additional storage support the space’s day-to-day function.
Views of Lake Dorothy add a scenic element to the setting. The property is identified as an office unit, with a layout that brings work areas, meeting space, and practical amenities together under one roof.
Views of Lake Dorothy add a scenic element to the setting. The property is identified as an office unit, with a layout that brings work areas, meeting space, and practical amenities together under one roof.
Key Highlights
- 2,567‑square‑foot office unit built in 1976
- Three private offices; one includes a gas fireplace
- Conference room/library and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,781
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,620
$575.6K
Cap Rate 7%
$411,157
$411.2K
Cap Rate 9%
$319,789
$319.8K
Market Conditions
NOI Build-Up for 2,567 SF
Gross rent
$50.8K $19.80/SF
− Vacancy
−$12.5K −$4.85/SF
EGI
$38.4K $14.95/SF
− OpEx
−$9.6K −$3.74/SF
NOI
$28.8K $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%
$575,620
Cap Rate 7%
$411,157
Cap Rate 9%
$319,789
Alternative Uses
Best Use
Office B
$411.2K
$359.8K – $479.7K
NOI $28,781 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.4K
$443.9K – $591.9K
NOI $35,515 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible office layout includes private work areas, a conference room, a full kitchen, and separate public and private entries.
Where is this office unit located?
The property is located at 75 Teton Lane Mankato, MN.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 2,567‑square‑foot office unit built in 1976; Three private offices; one includes a gas fireplace; Conference room/library and reception area
