1531 Madison Ave Mankato, MN 56001
Property profile & analytics
1531 Madison Ave, Mankato, MN 56001
- Manufacturing properties
- 34,859 SF
- 1.90 lot acres
Property ID
US46-1951699
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
- Johnson Outdoors Minn Kota / Industrial Manufacturer / Production Facility
Property Details for 1531 Madison Ave
- Year built
- 1959
- Lot size
- 1.90 lot acres
- Property type
- Manufacturing properties
- APN
- R01.09.16.101.004
- APU
- R010916101004
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,130,000
- ML approach
- $2,130,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $3,290,000
- WAREHOUSE, STORAGE
- $3,215,000
- OFFICE BUILDING
- $3,120,000
- COMMERCIAL (GENERAL)
- $2,265,000
- AUTO REPAIR, GARAGE
- $2,200,000
- RETAIL STORES
- $2,005,000
- MEDICAL BUILDING
- $2,005,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9672
- Latitude
- 44.1663
- 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
$52,772
$497,300
$1,522,300
$2,019,600
-
$497,300
$1,522,300
$2,019,600
