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    124 Walnut St Mankato, MN 56001

    • Office buildings
    • 33,120 SF
    • 0.25 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US46-1878321
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Accra Home Care - Mankato / Home Health Care Service / Non-Profit Organization
    • The Sherwin Group / Financial Planner / Health Insurance Agency
    • Guide Wealth Partners / Financial Institution
    • Envision Massage Works / Massage Therapist / Massage Spa
    • Boulay / Financial Planner / Tax Preparation

    Property Details for 124 Walnut St

    Year built
    1936
    Lot size
    0.25 lot acres
    Property size
    33,120 SF
    Property type
    Office buildings
    APN
    R01.09.18.126.005
    APU
    R010918126005

    Description

    The Landkamer Building, a stunning Class A office property located at 124 E Walnut St, Mankato, MN 56001, offers 33,301 square feet of prime office space in Mankato's vibrant downtown commercial district. Built in 1936 and completely renovated in 2005, this building showcases a magnificent art deco style, highlighted by a lobby featuring a water feature and custom light fixture. Currently, there are multiple tenancies available, ranging from a minimum of 220 square feet to a maximum contiguous space of 2,558 square feet, with a total of 5,988 square feet currently vacant. The property sits on a 0.25-acre lot and is zoned CBD-C. Tenants benefit from free covered parking and a separate guest parking lot. The building's central location provides easy access to numerous amenities, including the Mayo Clinic Health System Event Center, various hotels, the City Art Walk Sculpture Tour, Vetter Stone Amphitheatre, and a wealth of restaurants, cafes, shops, and nightlife options within walking distance. Landlord incentives may be offered based on lease terms. This exceptional property presents a unique opportunity for businesses seeking a prestigious and convenient location in the heart of Mankato.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -94.0024
    Latitude
    44.1662
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $98,024
    $104,300
    $2,885,200
    $2,989,500
    -
    $104,300
    $2,885,200
    $2,989,500

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    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
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