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Property profile & analytics
OFF-MARKET Estimated value $505,000
Strip malls

1100 Riverfront Dr Mankato, MN 56001-2480

12,898 SF 1.29 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
Property ID
US46-1930492
Property summary
AI-generated overview

Riverfront Center, a thriving retail strip center in Mankato, Minnesota, offers exceptional opportunities for businesses seeking high visibility and convenient access. This 77,533 square foot property boasts a prime location on Riverfront Drive, directly across from Mankato West High School and minutes from Minnesota State University and downtown Mankato. Its strategic placement provides easy access from Highway 169, ensuring high traffic volume. The center features ample parking with 375 spaces available for customers and employees. Currently, there are two available retail spaces, ranging from 1,363 to 1,781 square feet, perfect for a variety of businesses. The property sits on a 6.9-acre lot and is anchored by Cub Foods, a well-established and popular grocery store, further enhancing its appeal and drawing a consistent customer base. With a total of 3,282 square feet currently vacant, this presents a unique chance to establish a presence in a bustling and well-established retail environment. The property's location near major educational institutions and the city center guarantees a large and diverse potential customer base. This is an excellent investment opportunity for businesses seeking high visibility and strong foot traffic in a vibrant Mankato community. The address is 1100-1200 S Riverfront Dr, Mankato, MN 56001.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Total area 12,898 SF
Lot 1.29 ac (56,192 SF)
APN R01.08.13.257.016
UPID US46-1930492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Riverfront Centre Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$650k
Blend (final) Blend
$505k
Owner & transaction history
CLAREL CORPORATION
CLAREL CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $840,000 +23.9%
Auto repair, garage $815,000 +20.3%
Retail stores $740,000 +9.6%
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