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    530 Pleasant St Mankato, MN 56001

    Sponsored
    For Sale
    $700,000

    Prime West Mankato location, high visibility, renovated.

    Property size:
    6,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,490 square foot office building, situated on a highly visible corner lot in West Mankato at the intersection of Stoltzman Road and Pleasant Street, presents a compelling investment opportunity. Built in 1956 and extensively renovated in 2016, this two-story brick-over-block structure boasts enduring quality and timeless appeal. The property features ample parking and a generous 0.81-acre lot, enhanced by attractive landscaping. The interior offers a versatile layout including private offices and updated conference rooms, complemented by newly renovated bathrooms and kitchenettes. A dedicated employee break room adds to the functionality. Currently, 3,530 square feet are occupied under a lease extending to the end of 2026, with an additional 1,300 square feet of space immediately available for lease on the main level. The property is zoned R-2 ONE & TWO FAMILY DWELLING, offering flexibility for future use. Its strategic location provides easy access to downtown Mankato's retail amenities, schools, parks, and residential areas, making it an ideal location for a variety of businesses. The asking price is $700,000, representing a strong return on investment in a thriving Minnesota market. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property with significant upside potential. The building is classified as Class B and operates under a NNN lease structure.

    Property Features for 530 Pleasant St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,490 SF
    Class
    B
    Lot Size
    35,284 SF

    Building Details

    Year Built/Renovated
    1956/2016
    Buildings
    1
    Stories
    2

    HighLights

    • High‑visibility corner lot at Stoltzman Rd. & Pleasant St., West Mankato.
    • 6,490 SF, two‑story brick building, built in 1956, extensively renovated in 2016. Ample parking on a 0.81‑acre lot.
    • Versatile layout with private offices, updated restrooms, kitchenettes, and a break room. 3,530 SF currently leased (NNN) through 2026; 1,300 SF immediately available. Class B. $700,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Connect Real Estate ... Real Estate Agency Connect Property Management Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -94.0154947
    Latitude
    44.1570224

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    FAQs

    What type of property is this?
    Office Property / Space - Prime West Mankato location, high visibility, renovated.
    Where is this office property / space located?
    The property is located at 530 Pleasant St Mankato, MN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Stoltzman Rd. & Pleasant St., West Mankato.; 6,490 SF, two-story brick building, built in 1956, extensively renovated in 2016. Ample parking on a 0.81-acre lot.; Versatile layout with private offices, updated restrooms, kitchenettes, and a break room. 3,530 SF currently leased (NNN) through 2026; 1,300 SF immediately available. Class B. $700,000 asking price.
    (507) 469-0545
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    530 Pleasant St Mankato, MN 56001
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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
    530 Pleasant St Mankato, MN 56001
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