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    FOR LEASE
    Office buildings

    124 E Walnut St, Mankato, MN 56001

    33,120 SF 0.25 ac lot Built 1936
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US46-1878321
    Property summary
    AI-generated overview

    The Landkamer Building, a stunning Class A office property located at 124 E Walnut St, Mankato, MN 56001, offers 33,301 square feet of prime office space in Mankato's vibrant downtown commercial district. Built in 1936 and completely renovated in 2005, this building showcases a magnificent art deco style, highlighted by a lobby featuring a water feature and custom light fixture. Currently, there are multiple tenancies available, ranging from a minimum of 220 square feet to a maximum contiguous space of 2,558 square feet, with a total of 5,988 square feet currently vacant. The property sits on a 0.25-acre lot and is zoned CBD-C. Tenants benefit from free covered parking and a separate guest parking lot. The building's central location provides easy access to numerous amenities, including the Mayo Clinic Health System Event Center, various hotels, the City Art Walk Sculpture Tour, Vetter Stone Amphitheatre, and a wealth of restaurants, cafes, shops, and nightlife options within walking distance. Landlord incentives may be offered based on lease terms. This exceptional property presents a unique opportunity for businesses seeking a prestigious and convenient location in the heart of Mankato.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1936
    Total area 33,120 SF
    Lot 0.25 ac (10,980 SF)
    APN R01.09.18.126.005
    UPID US46-1878321
    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
    • Accra Home Care - Mankato Home Health Care Service Non-Profit Organization
    • The Sherwin Group Financial Advisor
    • Guide Wealth Partners Bank Credit Union
    • Envision Massage Works Alternative Medicine Practice Spa & Massage Center
    • Boulay Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.75M
    Blend (final) Blend
    $2.84M
    Owner & transaction history
    Brennan Properties Of Minnesot · 6 yrs held
    Brennan Properties Of Minnesot
    since 2019
    2 recorded transactions
    2019
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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