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    1423 Riverfront Dr Mankato, MN 56001

    Sponsored
    For Lease
    $15 SF/Yr ($12,185 /Mo)

    Fully furnished office, 2650 sq ft, prime location.

    Lot size:
    9,748 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,650 square foot, fully furnished office space is ideally situated at 1423 N Riverfront Drive in Mankato, Minnesota, 56001. The single-tenant property, built in 1941, is a one-story traditional office building totaling 9,748 square feet. Currently, 2,650 square feet are available for lease. The space boasts a convenient location with easy access to Highway 14 and Riverfront Drive. Features include a welcoming open reception area with built-in desk and counter, two furnished private offices, a conference room equipped with a table and chairs, approximately nine workstations with chairs, two bathrooms, and a kitchen/break room complete with a table and chairs. Additional amenities include washer/dryer hookups, ample storage space, and a dedicated server room. Two separate entrances provide convenient access for both customers and employees. The property also benefits from a parking lot currently undergoing repaving. Lease terms are $15 per square foot per year, NNN, with a CAM charge of $2.50 per square foot per year. This is a fantastic opportunity for a business seeking a move-in ready, well-appointed office space in a desirable Mankato location.

    Property Features for 1423 Riverfront Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,748 SF
    Total Rate
    12185

    Building Details

    Year Built
    1941
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,650 SF
    Rate per SF
    $15

    HighLights

    • 2,650 SF furnished office space available for lease in Mankato, MN.
    • Located at 1423 N Riverfront Drive, Mankato, MN 56001.
    • Single‑story building (9,748 SF total), built in 1941.
    • Features include reception area, private offices, conference room, workstations, two bathrooms, kitchen/break room, ample storage, server room, and washer/dryer hookups.
    • Convenient access to Highway 14 and Riverfront Drive; two separate entrances and parking lot (repaving underway).
    • Lease rate: $15/SF/year, NNN, plus $2.50/SF/year CAM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.99065428084
    Latitude
    44.179815221951

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    FAQs

    What type of property is this?
    Office Property / Space - Fully furnished office, 2650 sq ft, prime location.
    Where is this office property / space located?
    The property is located at 1423 Riverfront Dr Mankato, MN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,650 SF furnished office space available for lease in Mankato, MN.; Located at 1423 N Riverfront Drive, Mankato, MN 56001.; Single-story building (9,748 SF total), built in 1941.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1423 Riverfront Dr Mankato, MN 56001
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