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Property profile & analytics
FOR LEASE
Retail space

127 Lamm St Mankato, MN 56001

8,584 SF 0.25 ac lot Built 1949
Entity Owned 7-yr Hold Free & Clear
Property ID
US46-1968036
Property summary
AI-generated overview

This 8,584-square-foot industrial property located at 127 Lamm St, Mankato, MN 56001, offers a unique opportunity for businesses seeking refrigerated/cold storage or general warehouse space. The building, constructed in 1949 and classified as Class C, features a single tenancy with 1,000 square feet currently vacant. The property boasts eight dock-high doors, providing convenient loading and unloading capabilities. Situated in Blue Earth County, this location offers easy access via South Riverfront Drive, making it an attractive option for businesses needing convenient downtown access. While the space shares access with another commercial tenant, it can be fully secured for individual use. The property is suitable for a variety of uses, and flexible lease terms are available, including short-term or month-to-month options for qualified tenants. This versatile space combines the benefits of a prime downtown location with the functionality of a well-equipped warehouse, making it an excellent choice for businesses seeking efficient storage and distribution solutions.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1949
Total area 8,584 SF
Lot 0.25 ac (10,800 SF)
APN R01.08.13.257.006
UPID US46-1968036
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
  • Red Feather Paper Co Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$659k
Blend (final) Blend
$610k
Owner & transaction history
Hermco 7 LLC · 7 yrs held
Hermco 7 LLC
since 2019
4 recorded transactions
2021
Price N/A
2021
Price N/A
2019
$250,000
2018
$50,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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