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    Property profile & analytics
    FOR SALE
    Strip malls

    1601 Monks Ave, Mankato, MN 56001

    14,407 SF 0.95 ac lot Built 2012
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US46-1961287
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2012
    Total area 14,407 SF
    Lot 0.95 ac (41,380 SF)
    APN R01.09.20.153.016
    UPID US46-1961287
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $760k
    Owner & transaction history
    Michael Sather · 6 yrs held
    Michael Sather
    since 2019
    7 recorded transactions
    2026
    2020
    2019
    2019
    $2.4M
    2019
    2016
    2012
    $660,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $935,000 +23.9%
    Auto repair, garage $910,000 +20.3%
    Retail stores $830,000 +9.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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