1418 Riverfront Dr Mankato, MN 56001-3253
Property profile & analytics
1418 Riverfront Dr Mankato, MN 56001-3253
- Retail space
- 8,000 SF
- 1.44 lot acres
Property ID
US46-1944492
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sweet Sounds / Electronics & Wireless Store / Auto Parts Store
Property Details for 1418 Riverfront Dr
- Year built
- 1951
- Lot size
- 1.44 lot acres
- Property size
- 8,000 SF
- Property type
- Retail space
- APN
- R01.09.07.227.011
- APU
- R010907227011
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $861,000
- AI Estimate
- $457,000
Market price range: $549k - $1.07MMarket price range: $250k - $682k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $865,000 Current use
- OFFICE BUILDING
- $1,025,000 Change: +18% Conversion: Easy
- COMMERCIAL (GENERAL)
- $750,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9908
- Latitude
- 44.1805
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,790
$154,200
$632,500
$786,700
-
$154,200
$632,500
$786,700
