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    119 State St Mankato, MN 56001

    For Sale
    $295,000

    Historic Church, 7,612 SF, Redevelopment Potential

    Property size:
    7,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This unique 7,612-square-foot property, located at 119 State Street in Mankato, Minnesota, presents a compelling redevelopment opportunity. Currently configured as a turnkey church building, this special-purpose property offers significant potential for repurposing. Situated in a quiet downtown neighborhood, it enjoys convenient access to Front Street retailers, West Mankato, Stoltzman Road (providing University access), and Highway 169. The building boasts historic charm and features a fully finished basement complete with restrooms, offices, and a full kitchen. Parking is readily available with 7-10 spots in a private lot accessible via an alley. Recent alley improvements (2020) resulted in special assessments totaling $1,231.04, with annual payments of $646.58. The 0.21-acre lot provides ample space for various uses. The building's substantial size (over 5,000 square feet on the main level) and versatile layout make it ideal for a variety of commercial ventures, including office space, daycare centers, event venues, or community spaces. The asking price is $295,000. This property offers a rare blend of historic character and modern convenience in a prime Mankato location.

    Property Features for 119 State St

    General Information

    Property type
    Land
    Square Feet
    7,612 SF
    Lot Size
    9,148 SF

    HighLights

    • $295,000 asking price.
    • 0.21‑acre lot with 7,612 square feet building.
    • Special purpose property, currently a church, suitable for repurposing as office, daycare, event space, or community center.
    • Quiet downtown Mankato location near retail, universities, and Highway 169.
    • Includes 7‑10 parking spaces in a private lot with alley access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -94.00999723
    Latitude
    44.15994543

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    FAQs

    What type of property is this?
    Land - Historic Church, 7,612 SF, Redevelopment Potential
    Where is this land located?
    The property is located at 119 State St Mankato, MN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: $295,000 asking price.; 0.21-acre lot with 7,612 square feet building.; Special purpose property, currently a church, suitable for repurposing as office, daycare, event space, or community center.
    Request Owner's contact information
    119 State 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
    119 State St Mankato, MN 56001
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