Financial
Distress signals
Property profile

1123 Range St North Mankato, MN 56003

FOR SALE
Turn key restaurants
Property ID
US46-2290289
4,508 SF 1.32 ac lot Built 1976
Last sale Jul 2022 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This former restaurant building contains approximately 4,500 square feet and sits on a site of about 0.82 acres with on-site parking designed to support customer access. The property was extensively renovated in 2022, including a roof replacement and updates to the dining area and bar spaces, resulting in a restaurant-ready interior layout. The building is positioned for visibility from Highway 169 and is accessed via a frontage road, with a drive-ready parking setup. It is located near…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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 · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$510k
Assessed land$191k
Assessed improvement$319k
Effective rate2.91%

Value estimate

· Sep 2026
$610k
$549k – $671k
AI approach$640k

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.

JurisdictionNICOLLET

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.5
Law Firm10.2
Pharmacy10.0

Location

1123 Range St North Mankato, MN 56003
County assessor Recorded deeds · 1 transfer 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1745 Commerce, North Mankato, MN 56003-1802 $625,000 Apr 2025 3,110 SF
1760 Commerce, North Mankato, MN 56003-1803 $775,000 Oct 2024 3,560 SF
1712 Commerce, North Mankato, MN 56003-1803 $2,300,000 Dec 2023 6,010 SF
1661 Commerce, North Mankato, MN 56003-1913 $465,000 Jul 2021 2,452 SF
1680 Commerce, North Mankato, MN 56003-1912 $850,000 Jan 2020 4,549 SF
503 Belgrade, North Mankato, MN 56003-3820 $447,500 Oct 2019 5,074 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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