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    1850 Adams St Mankato, MN 56001

    Sponsored
    For Lease
    $12 SF/Yr

    Mankato retail space, 1,414 sq ft.

    Lot size:
    726,795 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1,414 square foot retail space is located within the thriving River Hills Mall in Mankato, Minnesota. Situated at the intersection of Highway 22 and Adams Street, this Class B property benefits from high traffic counts and excellent visibility within a major regional shopping center. The mall itself boasts 726,795 square feet of total building space and features a diverse mix of prominent anchor stores including Barnes & Noble, JCPenney, Scheels, and Target, complemented by a variety of other national and local retailers. Amenities include ample parking (305 spaces) and a family-friendly atmosphere enhanced by a movie theater, carousel, food court, and children's play area. Built in 1991, this property is part of a 1.64-acre lot and is zoned 3A-Commercial/Industrial/Public Utility (APN: R010909426043). The location is ideal, serving Southern Minnesota and Northern Iowa, drawing from a substantial regional population exceeding 287,000 people. Mankato's robust economy, driven by agriculture, healthcare, manufacturing, retail, and higher education (including Minnesota State University, Mankato), ensures a strong and stable market for this retail opportunity. This space presents a unique chance to establish or expand a business within a premier shopping destination.

    Property Features for 1850 Adams St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    726,795 SF
    Class
    B
    Total Rate
    726795

    Building Details

    Year Built
    1991

    Unit(s) available at that property

    Space
    127
    Size
    1,414 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    francesca's Shoe Store Hot Topic Clothing Store Aéropostale Clothing Store H&M Clothing Store Ragstock Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    MN
    State
    Minnesota
    Longitude
    -93.9537317
    Latitude
    44.1728541

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    FAQs

    What type of property is this?
    Lifestyle center - Mankato retail space, 1,414 sq ft.
    Where is this lifestyle center located?
    The property is located at 1850 Adams St Mankato, MN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    1850 Adams St Mankato, MN 56001
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    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
    1850 Adams St Mankato, MN 56001
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