1601 Monks Ave Mankato, MN 56001
Property profile & analytics
1601 Monks Ave Mankato, MN 56001
- Strip malls
- 14,407 SF
- 0.95 lot acres
Property ID
US46-1961287
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
- Strip malls
Property Details for 1601 Monks Ave
- Year built
- 2012
- Lot size
- 0.95 lot acres
- Property size
- 14,407 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- R01.09.20.153.016
- APU
- R010920153016
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $755,000 Current use
- COMMERCIAL (GENERAL)
- $935,000 Change: +24% Conversion: Easy
- AUTO REPAIR, GARAGE
- $910,000 Change: +20% Conversion: Difficult
- RETAIL STORES
- $830,000 Change: +10% Conversion: Easy
- MEDICAL BUILDING
- $830,000 Change: +10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9888
- Latitude
- 44.1459
- 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
$121,476
$206,900
$6,701,400
$6,908,300
-
$206,900
$6,701,400
$6,908,300
