1119 Center St, North Mankato, MN 56003
For Sale
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This exceptional 23,890-square-foot industrial property, located at 1119 Center St in North Mankato, Minnesota, presents a unique owner-user opportunity. The building, comprised of a warehouse and manufacturing space, features a general brewing area, bar, and office space, all situated on a 1.86-acre lot. Built in phases (1976 & 2000), the single-story structure boasts high ceilings ideal for manufacturing operations, two dock-high doors for efficient loading and unloading, and ample parking for 30 vehicles. The property is zoned for commercial use and benefits from a prime location in North Mankato, offering convenient access to major highways. Modernized facilities include updated electrical and HVAC systems, ensuring optimal functionality. A significant advantage is the inclusion of a cellular tower lease, generating supplemental income. The well-maintained exterior and robust building security/surveillance systems further enhance the property's value. This versatile floor plan offers significant potential for a variety of industrial and manufacturing uses. The asking price is $3,950,000, translating to $165 per square foot. Don't miss this chance to acquire a profitable and well-equipped industrial asset in a thriving Minnesota market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.