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    1409 Riverfront Dr Mankato, MN 56001

    Sponsored
    For Lease
    $15 SF/Yr

    Mankato Office Building, Flexible Suites

    Lot size:
    24,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Mankato office building, located at 1409 N Riverfront Drive, offers 24,363 square feet of versatile space. Currently, 17,200 square feet is available, divisible into units as small as 2,340 square feet, allowing for flexible configurations to suit various business needs. Built in 1996, this two-story building sits on a 0.84-acre lot and is zoned 3A Commercial. The property boasts impressive amenities including twenty-one private offices, twenty-seven open workstations, four large conference rooms, two lounges, an open reception area, a copy room, a kitchen/breakroom, and seven bathrooms. A mezzanine level provides additional private offices, workstations, and a conference room with a counter. The building is highly visible and offers significant room for growth. The lease rate is $15 per square foot per year, NNN, with a CAM charge of $2.50 per square foot per year. The property is conveniently located near Thompson Street in Mankato, MN, 56001. This is a prime opportunity for businesses seeking modern, well-appointed office space in a desirable location. No elevators are present in this building.

    Property Features for 1409 Riverfront Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,363 SF
    Total Rate
    30453.75

    Building Details

    Year Built
    1996
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    17,200 SF
    Rate per SF
    $15
    Space
    Available Space 2
    Size
    9,200 SF
    Rate per SF
    $15
    Space
    Available Space 3
    Size
    6,600 SF
    Rate per SF
    $15

    HighLights

    • High‑traffic location on North Riverfront Drive.
    • Modern, upscale finishes throughout.
    • Fully furnished suites with private offices and open workstations.
    • Newly paved parking lot.
    • Flexible lease terms and customizable space.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Prairie Insurance ... Insurance Agency guardian athletics Training Centre Factor Property Management Property Management Company DeMars Construction General Contractor Aglytix Inc. Software Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.990578055328
    Latitude
    44.179889307515

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    FAQs

    What type of property is this?
    Office Property / Space - Mankato Office Building, Flexible Suites
    Where is this office property / space located?
    The property is located at 1409 Riverfront Dr Mankato, MN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location on North Riverfront Drive.; Modern, upscale finishes throughout.; Fully furnished suites with private offices and open workstations.
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    1409 Riverfront Dr 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
    1409 Riverfront Dr Mankato, MN 56001
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