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    Property profile & analytics
    OFF-MARKET Estimated value $945,000
    Office Spaces

    1160 Victory Dr, Mankato, MN 56001-5324

    11,930 SF 1.5 ac lot Built 1994
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US46-1882192
    Property summary
    AI-generated overview

    This exceptional 11,930 square foot office building in Mankato, Minnesota, presents a unique investment opportunity. Situated on 1.5 acres of land at 1160 S Victory Dr, 56001, this property boasts 65 parking spaces and is zoned (T) Transitional. Built in 1994, the building currently features multiple tenants, with two suites immediately available. Suite 1 offers 1,152 square feet, including a reception area, four private offices, and a copy room. This space is perfect for a smaller business seeking a professional and efficient layout. Suite 2, a substantial 6,193 square feet, is currently occupied by the USDA and offers an open floor plan adaptable to various configurations, including several private offices. Both suites share access to a well-appointed conference room and ADA-compliant restrooms. The building's convenient location and ample parking make it an attractive option for businesses of all sizes. This is a rare opportunity to acquire a well-maintained office building in a thriving Mankato location. The property offers significant potential for growth and return on investment. Don't miss this chance to secure your future in this desirable market.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1994
    Total area 11,930 SF
    Lot 1.5 ac (65,340 SF)
    APN R01.09.21.376.007
    UPID US46-1882192
    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
    • USDA Farm Services Agency Sustainability Organization
    • Blue Earth County Soil & Water County Government Office
    • HUB International Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $945k
    Owner & transaction history
    1160 Investments LLC · 10 yrs held
    1160 Investments LLC
    since 2016
    2 recorded transactions
    2016
    $650,000
    2012
    $700,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.5M +36.0%
    Retail stores $1.3M +15.2%
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