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Property profile & analytics
OFF-MARKET Estimated value $2,220,000
Manufacturing properties

1531 Madison Ave Mankato, MN 56001-5443

34,859 SF 1.9 ac lot Built 1959
Entity Owned 2-yr Hold Free & Clear
Property ID
US46-1951699
Property summary
AI-generated overview

This exceptional commercial property, situated at 1531 Madison Avenue in Mankato, Minnesota, offers 37,000 square feet of leasable space within a soon-to-be renovated, multi-tenant light industrial building. The building boasts a total of 64,000 square feet on an 82,605 square foot lot in Blue Earth County. This prime location provides direct access from both Madison Avenue and Belle Avenue, ensuring high visibility and convenient access for businesses and customers. The space is ideal for a variety of uses, including individual offices/suites, light industrial operations, warehousing, or retail ventures. Amenities include a convenient loading dock, a spacious parking lot, and 8,000 square feet of shared community space. The property benefits from its position on Mankato's Hilltop, a rapidly developing area with high traffic volume on Madison Avenue. Neighboring businesses include established national franchises and popular local establishments such as Mister Clean, Slim Chickens, Aldi, Luther Mankato Honda, and Fitness for Ten, creating a vibrant and thriving commercial environment. This multi-tenant opportunity presents a unique chance to establish a presence in a highly desirable and rapidly growing area of Mankato. The property's size and amenities make it suitable for a range of businesses seeking a strategic location with excellent accessibility and ample space.

Property profile
Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1959
Total area 34,859 SF
Lot 1.9 ac (82,764 SF)
APN R01.09.16.101.004
UPID US46-1951699
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
  • Johnson Outdoors Minn Kota Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.22M
Owner & transaction history
1531 Johnson LLC · 2 yrs held
1531 Johnson LLC
since 2023
Last sale
$2.3M
2 recorded transactions
2023
Price N/A
2023
$2.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.3M +194.1%
Warehouse, storage $3.2M +187.6%
Office building $3.1M +179.0%
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