3021-H Evergreen Trl Mankato, MN 56001
This exceptional 25' x 50' garage condo, located at 3021-H Evergreen Trail in Mankato, Minnesota (zip code 56001), presents a unique investment opportunity. Situated in Mankato's newest garage condo development, easily accessible east on Madison Avenue, just past County Road 12, this unit boasts all-steel construction for durability and longevity. The interior features a generous 16-foot ceiling height, providing ample storage space. A 12' x 14' overhead door with opener and windows ensures convenient access, complemented by a 36" walk door. The reinforced concrete floor includes a floor drain and flammable waste trap for added functionality. Individual meters provide separate gas, water, and 100-amp electrical service, while LED lighting enhances efficiency. The property is fully insulated for optimal climate control. Numerous optional upgrades are available to customize the space to your specific needs, including heating and air conditioning, a bathroom, a mezzanine or loft, in-floor heat, additional windows, an office or lounge area, and connections for internet, cable TV, and phone service. This is a prime opportunity to acquire a versatile and well-appointed commercial space in a desirable location. The asking price is $174,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.