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    1415 1St Ave Mankato, MN 56001

    Sponsored
    For Sale
    $1,300,000

    High-yield warehouse, 42,410 SF, 9.20% Cap Rate

    Property size:
    42,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Mankato, Minnesota industrial property offers 42,410 square feet of versatile space, ideal for distribution or warehouse operations. Boasting a 9.20% cap rate and a strong 95% occupancy, this multi-tenant building presents a compelling investment opportunity. The property features a gross lease structure, simplifying management and offering predictable income streams. The building comprises two stories, with a substantial 22-foot ceiling height providing ample storage and operational flexibility. Situated on a generous 51,975 square foot lot at 1415 1st Ave, Mankato, MN 56001 (APN: R01.09.07.229.002), this location benefits from convenient access to Highway 14. The current Net Operating Income (NOI) stands at $138,000, reflecting the property's strong performance and potential for future growth. The asking price is $1,300,000. Various office and warehouse spaces are available to accommodate diverse business needs. This is a turnkey solution for businesses seeking efficient, well-located industrial space.

    Property Features for 1415 1St Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    42,410 SF

    Building Details

    Stories
    2

    HighLights

    • $1,300,000 asking price for this industrial property.
    • 42,410 square foot distribution/warehouse building with 95% occupancy.
    • 9.20% cap rate with a $138,000 NOI.
    • Gross lease, multi‑tenant property.
    • Located at 1415 1st Ave, Mankato, MN 56001, near Hwy 14.
    • Features 22' ceiling height and sits on a 51,975 sq ft lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sharktooth Networks Computer Store WS Transportation LLC Taxi Service Star Host Design, ... Website Designer Superior Automotive Solutions Auto Repair Shop BMX Track Supply Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9920683
    Latitude
    44.1797414

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse, 42,410 SF, 9.20% Cap Rate
    Where is this distribution property located?
    The property is located at 1415 1St Ave Mankato, MN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price for this industrial property.; 42,410 square foot distribution/warehouse building with 95% occupancy.; 9.20% cap rate with a $138,000 NOI.
    Request Owner's contact information
    1415 1St Ave 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
    1415 1St Ave Mankato, MN 56001
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