Retail Space with Glass
950 Madison Avenue, Mankato, MN 56001
For Sale
Contact for pricing
The space can be occupied as one suite or divided into two separate units.
Property Size1,600 SF
Price / SF$0.01
Days on Market9
Property Features for 950 Madison Avenue
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
RE/MAX Results
Listed By:
Jay Sallstrom · License #40466159
(507) 380-4791
Source:
Exprealty
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 6 at 1:24PM
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 RE/MAX Results
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600 SF retail offering is configured with a 1,000 SF front unit and a 600 SF interior unit. The two spaces may be leased together or separately. The front unit has a full-glass storefront facing Madison Avenue, and the property also includes monument signage.
Approximately 23,000 vehicles pass the Madison Avenue location daily. The surrounding commercial area includes established businesses, shopping, and restaurants.
Approximately 23,000 vehicles pass the Madison Avenue location daily. The surrounding commercial area includes established businesses, shopping, and restaurants.
Key Highlights
- 1,600 SF available as one space or two separate units
- Front unit measures 1,000 SF and features an all‑glass storefront facing Madison Avenue
- Additional 600 SF unit is positioned in the middle of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,189
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,780
$283.8K
Cap Rate 7%
$202,700
$202.7K
Cap Rate 9%
$157,656
$157.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$22.1K $13.80/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$20.3K $12.67/SF
− OpEx
−$6.1K −$3.80/SF
NOI
$14.2K $8.87/SF
Area
Blue Earth County, MN
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,780
Cap Rate 7%
$202,700
Cap Rate 9%
$157,656
Alternative Uses
Best Use
Retail
$202.7K
$177.4K – $236.5K
NOI $14,189 @ 7.0% cap · market cap 74,678.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.2K
$276.7K – $368.9K
NOI $22,136 @ 7.0% cap · market cap 116,505.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 9%
Apparel 1%
McDonald's
Dining
38,730 visits/mo
0.5 miles
Taco John's
Dining
11,618 visits/mo
0.1 miles
KFC
Dining
8,639 visits/mo
0.1 miles
1000 Degrees Neapolitan Pizza
Dining
6,897 visits/mo
0.4 miles
Scooter's Coffee
Dining
6,433 visits/mo
0.1 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The space can be occupied as one suite or divided into two separate units.
Where is this retail space located?
The property is located at 950 Madison Avenue Mankato, MN.
What are key features of this property?
This property features: 1,600 SF available as one space or two separate units; Front unit measures 1,000 SF and features an all‑glass storefront facing Madison Avenue; Additional 600 SF unit is positioned in the middle of the building
