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Property profile & analytics
FOR SALE
Manufacturing properties

1415 1St Ave Mankato, MN 56001

42,992 SF 1.19 ac lot Built 1940
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US46-1948188
Property summary
AI-generated overview

This exceptional Mankato property, located at 1415 1st Avenue, offers a unique blend of office and warehouse space, perfect for a variety of businesses. The building encompasses a total of 42,410 square feet across two stories, situated on a generous 51,975 square foot lot. The property is currently multi-tenant, with 8,620 square feet of vacant space immediately available. Flexible lease options cater to diverse needs, with minimum divisible space starting at 175 square feet and maximum contiguous space reaching 5,500 square feet. The warehouse component boasts impressive 22-foot ceilings, providing ample storage and operational flexibility. The property's address is 1415 1st Ave, Mankato, MN 56001 (APN: R01.09.07.229.002). This versatile space is ideal for businesses seeking a combination of office and warehouse functionality, offering a convenient and efficient work environment. The property type is officially classified as Office and Industrial, with subtypes including Executive Office, Warehouse, and Professional. Inquire today to explore the possibilities and find the perfect space to suit your business requirements.

Property profile
Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1940
Total area 42,992 SF
Lot 1.19 ac (51,967 SF)
APN R01.09.07.229.002
UPID US46-1948188
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
  • Sharktooth Networks Electronics & Wireless Store
  • WS Transportation LLC Courier Service
  • Star Host Design, LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Superior Automotive Solutions Auto Repair Shop
  • BMX Track Supply Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$607k
Blend (final) Blend
$595k
Owner & transaction history
1415 Management LLC · 12 yrs held
1415 Management LLC
since 2014
3 recorded transactions
2019
Price N/A
2014
$750,000
2008
$1.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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