1531 Madison Ave Mankato, MN 56001
- Manufacturing properties
- 34,859 SF
- 1.90 lot acres
Current Use by Public Records
- Johnson Outdoors Minn Kota / Manufacturer / Electric Motor Store
Property Details for 1531 Madison Ave
- Year built
- 1959
- Lot size
- 1.90 lot acres
- Property size
- 34,859 SF
- Property type
- Manufacturing properties
- APN
- R01.09.16.101.004
- APU
- R010916101004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,215,000
- 6.5%
- $2,500,000
- 7%
- $2,240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,205,000
- Geo Method
- $2,165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,905,000
- Retail
- $2,095,000
- Mixed-Use
- $1,825,000
- Hospitality
- $2,085,000
- Educational
- $2,240,000
- Residential Income
- $2,110,000
- Energy
- $2,420,000
- Income-Based Land
- $1,880,000
- Food Service
- $1,880,000
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9672
- Latitude
- 44.1663
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
