Financial
Distress signals
Property profile

1601 Monks Ave Mankato, MN 56001

FOR SALE
Strip malls
Property ID
US46-1961287
14,407 SF 0.95 ac lot Built 2012
Last sale Sep 2019 · $2,351,379
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property consists of a 2,444-square-foot retail space within the Monks Ave Retail Center, located near Minnesota State University, Mankato. The site is positioned along a high-traffic corridor and is near a signalized intersection (hard stoplight), providing established access for both vehicles and pedestrians. The center includes national and regional tenants such as CVS, Domino's, Qdoba, Subway, and Kwik Trip.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$121k
Tax billed · 2024
Assessed value$6.91M
Assessed land$207k
Assessed improvement$6.70M
Effective rate1.76%

Value estimate

· Sep 2026
$760k
$684k – $836k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLUE EARTH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.7
Law Firm16.6
Dental Office15.7

Location

1601 Monks Ave Mankato, MN 56001
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2132 Hoffman, Mankato, MN 56001-5863 $2,200,000 May 2024 22,136 SF
1920 Adams, Mankato, MN 56001-6802 $2,925,000 Nov 2022 7,488 SF
201 Sioux, Mankato, MN 56001-7114 $3,400,000 Aug 2022 17,015 SF
500 Raintree, Mankato, MN 56001-4838 $2,250,000 May 2022 23,342 SF
1231 Madison, Mankato, MN 56001 $750,000 Nov 2020 7,199 SF
500 Riverfront, Mankato, MN 56001-3701 $1,325,000 Jan 2020 9,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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