1601 Monks Ave, Mankato, MN 56001
For Sale
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This exceptional 2,444 square foot retail space presents a remarkable opportunity within the thriving Monks Avenue Retail Center in Mankato, Minnesota. Its strategic location directly benefits from its proximity to Minnesota State University, Mankato, ensuring a consistent flow of students, faculty, and visitors. The property enjoys a highly visible position along a major thoroughfare, enhanced by its placement near a hard stoplight, maximizing exposure to both vehicular and pedestrian traffic. This translates to exceptional accessibility and visibility for any business. The center boasts a strong tenant mix, including well-known national and regional brands such as CVS, Domino's, Qdoba, Subway, and Kwik Trip, creating a vibrant and attractive retail environment. This synergistic environment draws a diverse customer base, providing a significant advantage for any prospective tenant. The property is offered at $4073 (price likely represents a monthly rent or other financial term, details to be confirmed). This is a rare opportunity to establish a business in a high-traffic, well-established retail center with a proven track record of success. The property is general commercial and sits on a 0-acre lot. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.