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    1531 Madison Ave Mankato, MN 56001

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Mankato location, 37,000 SF available.

    Lot size:
    64,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, situated at 1531 Madison Avenue in Mankato, Minnesota, offers 37,000 square feet of leasable space within a soon-to-be renovated, multi-tenant light industrial building. The building boasts a total of 64,000 square feet on an 82,605 square foot lot in Blue Earth County. This prime location provides direct access from both Madison Avenue and Belle Avenue, ensuring high visibility and convenient access for businesses and customers. The space is ideal for a variety of uses, including individual offices/suites, light industrial operations, warehousing, or retail ventures. Amenities include a convenient loading dock, a spacious parking lot, and 8,000 square feet of shared community space. The property benefits from its position on Mankato's Hilltop, a rapidly developing area with high traffic volume on Madison Avenue. Neighboring businesses include established national franchises and popular local establishments such as Mister Clean, Slim Chickens, Aldi, Luther Mankato Honda, and Fitness for Ten, creating a vibrant and thriving commercial environment. This multi-tenant opportunity presents a unique chance to establish a presence in a highly desirable and rapidly growing area of Mankato. The property's size and amenities make it suitable for a range of businesses seeking a strategic location with excellent accessibility and ample space.

    Property Features for 1531 Madison Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,000 SF
    Total Rate
    85333.33

    Unit(s) available at that property

    Space
    Madison Avenue Prime Frontage Space
    Size
    37,000 SF
    Rate per SF
    $16

    HighLights

    • 37,000 SF of leasable space in a soon‑to‑be renovated multi‑tenant light industrial building.
    • Convenient access from Madison Avenue and Belle Avenue.
    • Features a loading dock.
    • Ample parking available.
    • Includes 8,000 SF of shared community space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Johnson Outdoors Minn ... Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    MN
    State
    Minnesota
    Longitude
    -93.96694
    Latitude
    44.1663255

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    FAQs

    What type of property is this?
    Land - Prime Mankato location, 37,000 SF available.
    Where is this land located?
    The property is located at 1531 Madison Ave Mankato, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 37,000 SF of leasable space in a soon-to-be renovated multi-tenant light industrial building.; Convenient access from Madison Avenue and Belle Avenue.; Features a loading dock.
    Request Owner's contact information
    1531 Madison Ave 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
    1531 Madison Ave Mankato, MN 56001
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