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    340 Stadium Rd Mankato, MN 56001

    Sponsored
    For Sale
    $4,800,000

    High-Yield Investment Opportunity: 20 Units, 6.38% Cap Rate

    Property size:
    9,829 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use apartment building presents a compelling investment opportunity in Mankato, Minnesota. Located at 340 Stadium Road, this newer construction property boasts 9,829 square feet situated on a generous 49,779 square foot lot. The building comprises 20 units, currently enjoying 100% occupancy, generating a substantial net operating income (NOI) of $306,000 and a 6.38% capitalization rate. The asking price is $4,800,000. Its prime location offers excellent proximity to Minnesota State University, Mankato (MSU), ensuring consistent tenant demand. The mixed-use nature of the building provides diverse income streams. Furthermore, the property benefits from its convenient location near a variety of amenities, ample on-site parking for tenants and customers, and prominent signage for enhanced visibility. This well-maintained building represents a rare opportunity to acquire a high-performing asset in a thriving market. The property's strong financial performance, coupled with its desirable location and features, makes it an ideal investment for discerning buyers seeking stable returns and long-term growth potential. This is a turnkey operation with significant upside potential.

    Property Features for 340 Stadium Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,829 SF

    Building Details

    Units
    20

    HighLights

    • $4,800,000 asking price.
    • Mixed‑use, multifamily apartment building with 20 units.
    • 9,829 square feet on a 49,779 square foot lot.
    • 6.38% cap rate with a $306,000 NOI and 100% occupancy.
    • Excellent location near Minnesota State University, Mankato.
    • Convenient to numerous amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stadium Centre Lofts Apartment Complex High Spirits Liquors Liquor Store Planned Parenthood - Mankato ... Family Planning Center Smokers Choice Tobacco Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -93.9866867
    Latitude
    44.1454554

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Investment Opportunity: 20 Units, 6.38% Cap Rate
    Where is this multifamily property located?
    The property is located at 340 Stadium Rd Mankato, MN.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: $4,800,000 asking price.; Mixed-use, multifamily apartment building with 20 units.; 9,829 square feet on a 49,779 square foot lot.
    Request Owner's contact information
    340 Stadium Rd 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
    340 Stadium Rd Mankato, MN 56001
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