Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    121 Sioux Rd Mankato, MN 56001-4897
    Back to Search
    Property profile & analytics

    121 Sioux Rd Mankato, MN 56001-4897

    View on Map
    • Strip malls
    • 12,400 SF
    • 1.13 lot acres
    Off-Market
    Last Sale Nov 2, 2021
    $1,400,000
    Property ID
    US46-1933636
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • uBreakiFix - Phone and Computer Repair / Tech Support Center / IT Consulting Firm
    • T T Nails / Nail Salon
    • Dunham Express / Courier Service / Postal Service

    Property Details for 121 Sioux Rd

    Year built
    1989
    Lot size
    1.13 lot acres
    Property size
    12,400 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    R01.09.09.476.006
    APU
    R010909476006

    Description

    This Mankato, Minnesota industrial property, located at 121 Sioux Rd, 56001, offers 12,400 square feet of warehouse space in a multi-tenant building constructed in 1989. The property sits on a 49,556 square foot lot in Blue Earth County. Currently, 12,802 square feet is vacant and available for lease. Spaces range from a minimum of 1,800 square feet to a maximum contiguous space of 6,000 square feet, offering flexibility for various business needs. The building features high ceilings, ample parking, and the potential for truck/dock access. The location provides excellent visibility and accessibility, situated just one block from Madison Avenue and MN-22, in a high-traffic area. Monument signage is available for increased brand awareness. The property is ideal for businesses requiring both retail storefront space and warehouse storage, offering a combined solution for efficient operations. The warehouse area is easily divisible to accommodate smaller tenants, with dedicated parking. This prime location in Mankato's desirable hilltop district presents a unique opportunity for businesses seeking a versatile and strategically located space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,505,000
      ML approach
      $1,495,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,170,000
      WAREHOUSE, STORAGE
      $1,145,000
      OFFICE BUILDING
      $1,110,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9516
    Latitude
    44.1686
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,546
    $197,700
    $861,900
    $1,059,600
    -
    $197,700
    $861,900
    $1,059,600

    Comparable in this City

    • Value Estimation by Request
      6,416 SF

      1851 Madison Ave

      SHOPPING CENTER, STRIP CENTER • 6,416 SF
      1851 Madison Ave, Mankato, MN 56001-6200
      View Details
    • Value Estimation
      $3,530,000
      137,968 SF

      1901 Madison Ave

      SHOPPING CENTER, STRIP CENTER • 137,968 SF
      1901 Madison Ave, Mankato, MN 56001-6266
      View Details
    • Value Estimation
      $535,000
      14,879 SF

      Mankato, MN 56001

      SHOPPING CENTER, STRIP CENTER • 14,879 SF
      Mankato, MN 56001
      View Details
    • Value Estimation by Request
      5,664 SF

      500 Holly Ln

      SHOPPING CENTER, STRIP CENTER • 5,664 SF
      500 Holly Ln, Mankato, MN 56001-2492
      View Details
    • Value Estimation by Request
      4,454 SF

      301 Madison Ave

      SHOPPING CENTER, STRIP CENTER • 4,454 SF
      301 Madison Ave, Mankato, MN 56001-3310
      View Details
    • Value Estimation
      $605,000
      12,444 SF

      1701 Madison Ave

      SHOPPING CENTER, STRIP CENTER • 12,444 SF
      1701 Madison Ave, Mankato, MN 56001-5447
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,480 SF

      Retail Property in Mankato, MN

      Retail property with national tenants, excellent visibility and access.
      1920 Adams St, Mankato, MN 56001
      View Details
    • Contact for pricing

      Mankato Riverfront Plaza Retail Center

      Fully renovated retail center in Mankato, Minnesota.
      1400 South Riverfront Dr, Mankato, MN 56001
      View Details
    • Contact for pricing

      Prime Retail Space Near University

      Retail space near Minnesota State University with high visibility.
      1601 Monks Ave, Mankato, MN 56001
      View Details
    • $3,490,000

      Stabilized Retail Strip Center

      Retail strip center in Mankato, MN with NNN leases.
      511 Holly Ln, Mankato, MN 56001
      View Details
    • Contact for pricing

      Mister Car Wash Investment Opportunity

      Net leased Mister Car Wash in Mankato's primary retail corridor.
      1541 Madison Ave, Mankato, MN 56001
      View Details
    • $475,000

      Heating & Cooling Business Opportunity

      Heating and cooling business for sale in New Ulm, MN.
      Confidential Sale, Burnsville, MN 56001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,363 SF

      Retail Space in Mankato Center

      Retail spaces available in Cub Foods anchored shopping center.
      1100-1170 S Riverfront Dr, Mankato, MN 56001
      View Details
    • Contact for pricing
      10,268 SF

      Retail Space in Mankato Center

      Retail space with high visibility and ample parking.
      1720-1776 Madison Ave, Mankato, MN 56001
      View Details
    • Contact for pricing

      Premier Shopping Center in Mankato

      Premier shopping center serving Southern Minnesota and Northern Iowa.
      1850 Adams St, Mankato, MN 56001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Sioux Rd
    Mankato, MN 56001-4897
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Sioux Rd, Mankato, MN, 56001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!