Property profile

124 WALNUT ST Mankato, MN 56001

OFF-MARKET
Office Building
Property ID
US46-1878321
33,120 SF 0.25 ac lot Built 1936
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Property summary

AI-generated overview

The Landkamer Building at 124 E Walnut St in downtown Mankato is a restored Art Deco landmark originally constructed in 1936 and fully renovated in 2005. The four-story building contains approximately 33,300 square feet and includes a lobby with a water feature and custom lighting, common-area restrooms on each floor, covered parking for tenants, and a private visitor lot. It is located in Mankato’s downtown central business district near the Mayo Clinic Health System Event Center and Hilton Garden Inn, with proximity to City Art Walk Sculpture Tour and Vetter Stone Amphitheater, and is positioned along a walkable, bike-friendly corridor with access to nearby dining, shopping, and entertainment. The building’s interior configuration includes space used for a restaurant (Number 4), medical suites, and professional office uses, with office suite sizes ranging from approximately 213 square feet to larger layouts of 2,500+ square feet.

Property profile

Verified
Property type 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

Current use

Occupant on record · Public records
  • Home Health Care Service Non-Profit Organization
  • Financial Advisor
  • Bank Credit Union
  • Alternative Medicine Practice Spa & Massage Center
  • Tax Preparation

Location

124 WALNUT ST Mankato, MN 56001
Mankato metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A
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