Mixed-Use Building Near MSU
For Sale
Contact for pricing
340 Stadium Rd, Mankato, MN 56001
Mixed-use building near MSU campus and many amenities.
Property Size29,484 SF
Price / SF$145.84
Days on Market1632
Property Features for 340 Stadium Rd
General Information
Standard status
Active
Size
29,484 SF
Property subtype
Mixed Use, Multifamily
Occupancy
100%
Net Operating Income
$338,802
Building Details
Units
20
Listing Agency:
KW Commercial Midwest
Listed By:
James Halbur · License #40144147
(507) 317-2353
Source:
Crexi
Added: Apr 22, 2022
Changed: Oct 7
Last Checked: Oct 7 at 9:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Midwest
Investment Insights
Based on property information with market context.
This mixed-use building is located near the MSU campus and offers proximity to numerous amenities. Constructed relatively recently, the property encompasses a total area of 29,484 square feet. It is suitable for various purposes, including mixed-use, multifamily, and residential income applications.
Key Highlights
- Near MSU Campus
- Newer construction
- Mixed use building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$258,722
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,174,440
$5.2M
Cap Rate 7%
$3,696,029
$3.7M
Cap Rate 9%
$2,874,689
$2.9M
Market Conditions
NOI Build-Up for 29,484 SF
Gross rent
$460.0K $15.60/SF
− Vacancy
−$46.0K −$1.56/SF
EGI
$414.0K $14.04/SF
− OpEx
−$155.2K −$5.27/SF
NOI
$258.7K $8.77/SF
Area
Blue Earth County, MN
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,174,440
Cap Rate 7%
$3,696,029
Cap Rate 9%
$2,874,689
Alternative Uses
Best Use
Mixed Use
$3.70M
$3.23M – $4.31M
NOI $258,722 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$3.22M
$2.82M – $3.76M
NOI $225,469 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M
NOI $407,912 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building near MSU campus and many amenities.
Where is this mixed-use property located?
The property is located at 340 Stadium Rd Mankato, MN.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Near MSU Campus; Newer construction; Mixed use building
