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Financial
Distress signals
Property profile

1043 Southbend Ave Mankato, MN 56001

OFF-MARKET
Manufacturing properties
Property ID
US46-1893333
9,000 SF 0.98 ac lot Built 1956
Last sale Apr 2022 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, situated in South Bend Township near Mankato, MN, presents a unique investment opportunity. Boasting high visibility and accessibility on Highway 169 South, with approximately 20,000 vehicles passing daily, this property features two buildings totaling 14,000 square feet. Building 1, constructed in 1956, offers 9,000 square feet of space, including a 10' x 10' overhead door, 11' ceilings, an office area with showroom/reception space, two bathrooms, and a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$526k
Assessed land$59k
Assessed improvement$467k
Effective rate2.09%

Value estimate

· Oct 2026
$515k
$464k – $567k
AI approach$495k

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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.0
Law Firm9.7
Furniture Store9.1

Location

1043 Southbend Ave Mankato, MN 56001-5957
County assessor Recorded deeds · 3 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1531 Madison, Mankato, MN 56001-5443 $2,310,000 Dec 2023 34,859 SF
1101 Riverfront, Mankato, MN 56001-3354 $600,000 Sep 2022 10,296 SF
301 Eleanor, Mankato, MN 56001-1833 $250,000 Apr 2022 6,080 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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