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    204 Star St Mankato, MN 56001

    Sponsored
    For Sale
    $597,000

    Vacant Office Building, Hilltop Mankato

    Property size:
    3,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,160 square foot Class C office building, located at 204 Star St., Mankato, MN 56001, is available for $597,000 ($188.92/sq ft). Built in 1984, this freestanding building sits on a 15,935 square foot lot and offers ample parking. The interior features a reception/waiting area with restrooms, seven private offices, three exam rooms, a break area with employee restrooms, a prep area, and substantial storage space. The property is currently vacant and ready for immediate occupancy. The lease type is NNN, with a remaining lease term of approximately 0.5 years (Lease Expiration: 05/31/2025). The inviting landscaping and convenient walk-up parking enhance the property's appeal. This presents a unique opportunity to acquire a well-maintained, standalone office building in a desirable Hilltop Mankato location. The building's previous use as a dental office provides a functional layout adaptable to various professional uses. The property is ready for a new owner and tenant to begin operations immediately.

    Property Features for 204 Star St

    General Information

    Property type
    Office buildings
    Square Feet
    3,160 SF
    Class
    C

    Building Details

    Year Built
    1984

    HighLights

    • Reception area and waiting room with restrooms.
    • Seven private offices.
    • Three exam rooms.
    • Break room and employee restrooms.
    • Prep area, ample storage, and building‑wide storage space.
    • Attractive landscaping and convenient walk‑up parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9609088
    Latitude
    44.1686982

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    FAQs

    What type of property is this?
    Office building - Vacant Office Building, Hilltop Mankato
    Where is this office building located?
    The property is located at 204 Star St Mankato, MN.
    What is the asking price?
    The asking price for this property is $597,000.
    What are key features of this property?
    This property features: Reception area and waiting room with restrooms.; Seven private offices.; Three exam rooms.
    (507) 317-2353
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    204 Star 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
    204 Star St Mankato, MN 56001
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