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    1850 Adams St Mankato, MN 56001

    For Lease
    $1.00 SF/Yr

    Mankato, MN retail space available

    Lot size:
    726,795 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,121 square foot retail space is located within the premier River Hills Mall in Mankato, Minnesota. Situated at the intersection of Highway 22 and Adams Street, this property benefits from high traffic counts and excellent visibility. The mall itself boasts a 726,795 square foot building on a 1.64-acre lot, constructed in 1991, and features a diverse tenant mix including major anchors such as Barnes & Noble, JCPenney, Scheels, and Target, along with popular retailers like H&M and American Eagle Outfitters. Amenities include 305 parking spaces, a Cinemark movie complex, a carousel, and a food court, creating a vibrant and family-friendly shopping destination. The property is zoned 3A-Commercial/Industrial/Public Utility (APN: R010909426043) and is part of a thriving regional mall in the Mankato-North Mankato MSA, serving a population of 103,566 and drawing from a larger regional area of 287,175 people. Mankato's robust economy, driven by agriculture, healthcare, manufacturing, retail, and higher education (including Minnesota State University, Mankato), makes this a prime location for retail businesses. This single-suite space within a larger, established shopping center presents a unique opportunity to establish or expand a retail presence in a high-demand market.

    Property Features for 1850 Adams St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    726,795 SF
    Total Rate
    60566.25

    Building Details

    Year Built
    1991
    Buildings
    1

    Unit(s) available at that property

    Space
    River Hills Mall Suite 208
    Size
    8,121 SF
    Rate per SF
    $1.00

    HighLights

    • 8,121 SF retail space in River Hills Mall, Mankato, MN.
    • High‑traffic location at Hwy 22 & Adams St.
    • River Hills Mall is ranked fifth in the state, with 4.5 million annual visits averaging 60 minutes each.
    • Mankato's growth rate is 12 times faster than comparable cities.
    • 84 feet of storefront frontage.
    • 7,300 SF sales floor and 800 SF backroom in the main wing.
    Property Profile Insight Report 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, MN retail space available
    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 $1.00 SF/Yr.
    What are key features of this property?
    This property features: 8,121 SF retail space in River Hills Mall, Mankato, MN.; High-traffic location at Hwy 22 & Adams St.; River Hills Mall is ranked fifth in the state, with 4.5 million annual visits averaging 60 minutes each.
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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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