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Property profile & analytics

551 Belle Ave Mankato, MN 56001-4762

  • Strip malls
  • 7,200 SF
  • 0.99 lot acres
OFF-MARKET
Last Sale
Apr 30, 2024
Value Estimations
$390,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US46-1885474
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bosphorus Gyros & Kebabs / Restaurant / Gyro Restaurant
  • Edward Jones - Financial Advisor: Jennifer Seys, CFP® / Financial Consultant / Finance Broker
  • Tee Times / Indoor Golf Course
  • Edward Jones / Financial Consultant / Finance Broker

Property Details for 551 Belle Ave

Year built
2013
Lot size
0.99 lot acres
Property size
7,200 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
R01.09.17.227.007
APU
R010917227007

Description

This exceptional retail opportunity is located at 551 Belle Avenue in Mankato, Minnesota, 56001. The property is a strip center totaling 7,200 square feet, with 4,506 square feet currently vacant and available for lease. The minimum leasable space is 1,200 square feet, while the maximum contiguous space available is 4,506 square feet. The property sits on a 1.28-acre lot encompassing 55,757 square feet, providing ample space and parking. The building features a contemporary design, offering high ceilings and abundant natural light. Its location ensures excellent visibility and accessibility for customers. The interior is adaptable to a variety of business needs, allowing for customizable floor plans to suit specific requirements. This property presents a unique chance to establish or expand a business in a thriving Mankato commercial district. The property's size and layout make it suitable for a range of retail uses. The ample parking and prominent location contribute to a high-traffic environment, ideal for attracting customers. This is a rare opportunity to secure a well-located, modern retail space in a desirable Mankato location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $375,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $482,000
    Market price range: $163k - $562k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Mankato
County
Blue Earth
State
Minnesota
Longitude
-93.972
Latitude
44.1653
CBSA code
31860
CBSA name
MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,912
$172,800
$988,800
$1,161,600
-
$172,800
$988,800
$1,161,600
More about this property
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