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Financial
Distress signals
Property profile

1416 N Riverfront Dr Mankato, MN 56001

FOR LEASE
Retail space
Property ID
US46-1908041
9,276 SF 1.05 ac lot Built 1950
Last sale Oct 2024 · $613,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial space comprising 2,458 square feet and is configured to support retail use or occupancy by a free-standing building investor. It features a spacious, adaptable layout suitable for a range of retail and service-oriented operations, with room for customization to fit specific requirements. The facility is maintained and provides convenient access to major transportation routes, supporting logistics and customer access.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$466k
Assessed land$111k
Assessed improvement$355k
Effective rate2.35%

Value estimate

· Oct 2026
$275k
$248k – $303k
Submarket $/SF estimate$637k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 174,400.00% cap applied$26k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$108/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$69 – $133

Cap rate analysis

How does the asset earn?
174,400.00%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLUE EARTH

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.5
Pharmacy14.6
Law Firm14.4

Location

1416 N Riverfront Dr Mankato, MN 56001
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3010 Adams, Mankato, MN 56001-7773 $26,900,000 Nov 2024 7,525 SF
360 Saint Andrews, Mankato, MN 56001-8594 $2,275,000 Apr 2022 6,660 SF
1116 Riverfront, Mankato, MN 56001-3353 $825,000 Dec 2021 8,370 SF
111 Sioux, Mankato, MN 56001-4839 $1,100,000 Nov 2021 11,928 SF
Mankato, MN 56001 $675,000 Aug 2021 8,840 SF
402 Hope, Mankato, MN 56001-5225 $275,000 Jan 2021 5,625 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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