Technical
Financial
Distress signals
Property profile

340 Webster Ave North Mankato, MN 56003

FOR LEASE
Retail space
Property ID
US46-2592084
1,653 SF 0.68 ac lot Built 1968
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Class A retail building, completed in 2024, offers three available suites totaling 8,881 square feet in North Mankato, Minnesota. Located at 1105 Range St, zip code 56003, this property sits on a generous 29,708 square foot lot and enjoys excellent visibility and accessibility from Highway 169. Each suite is individually divisible, with a minimum leasable area of 2,881 square feet and a maximum contiguous space of 3,000 square feet. The building features a single story design, providing convenient access for tenants and customers. Highway 169 sees a high volume of 25,400 vehicles per day, ensuring significant exposure for businesses located within this development. Planned improvements to Highway 169 and Webster Avenue, including a roundabout scheduled for 2027, are expected to further enhance visibility and accessibility to the property, creating a safer and more convenient environment for both drivers and pedestrians. This presents a unique opportunity for businesses seeking a high-traffic location in a thriving Minnesota market. The property is currently entirely vacant, offering a blank canvas for prospective tenants.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Total area 1,653 SF
Lot 0.68 ac (29,707 SF)
APN 18.557.2980
UPID US46-2592084

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

340 Webster Ave North Mankato, MN 56003
North Mankato metro Census 480600 MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k

Owner & transaction history

since 2023
Last sale
$900,000
2 recorded transactions
2023
$275,000
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message