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Property profile & analytics
OFF-MARKET
Commercial real estate

119 State St Mankato, MN 56001

7,612 SF 0.21 ac lot
Property ID
US46-1488380
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Total area 7,612 SF
Lot 0.21 ac (9,148 SF)
UPID US46-1488380
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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