Technical
Financial
Distress signals
Property profile

1418 Riverfront Dr Mankato, MN 56001

OFF-MARKET
Retail space
Property ID
US46-1944492
8,000 SF 1.44 ac lot Built 1951
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 8,000 square foot retail property, situated on 1.44 acres of land in Blue Earth County, presents a compelling investment opportunity. Located on the highly trafficked North Riverfront Drive, the property boasts exceptional visibility and convenient access. The single-tenant building currently features a 3,200 square foot suite with an adaptable open floor plan, easily modified to accommodate diverse business needs. Ample parking is available for customers and employees. The property's flexible use designation allows for a wide range of commercial applications, making it an attractive option for businesses seeking a high-profile location with strong foot traffic. The substantial lot size offers potential for future expansion or development. This prime retail space combines high visibility, convenient access, and a flexible layout, making it an ideal location for a variety of commercial enterprises. The property's location on North Riverfront Drive ensures significant exposure to a large volume of daily traffic, maximizing the potential for business success. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location. The property's size and layout provide ample space for a variety of business operations, while the convenient parking ensures customer and employee convenience. The flexible use designation allows for a wide range of potential tenants, making this a strong investment opportunity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Total area 8,000 SF
Lot 1.44 ac (62,726 SF)
APN R01.09.07.227.011
UPID US46-1944492

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
  • Electronics & Wireless Store Auto Parts Store

Location

1418 Riverfront Dr Mankato, MN 56001-3253
Mankato metro Census 170300 MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$861k
Blend (final) Blend
$670k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2017
Price N/A
2016
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.0M +18.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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