Financial
Distress signals
Property profile

1618 3rd Ave Mankato, MN 56001

OFF-MARKET
Other office properties
Property ID
US46-1986114
3,600 SF 0.24 ac lot Built 1990
Last sale Jun 2014 · $335,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property package includes an office/commercial building and a separate second site located at 1618 and 1620 3rd Avenue in Mankato, Minnesota. The existing office/commercial building contains approximately 3,600 square feet of usable space and was constructed in 1990; it is conveyed in its present condition. Business/Commercial zoning is identified for the property, with permitted uses subject to buyer verification, along with assessments. The overall package includes a redevelopment site in addition to the existing building.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$309k
Assessed land$27k
Assessed improvement$282k

Value estimate

· Sep 2026
$245k
$221k – $270k
AI approach$245k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$94/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$56 – $139
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLUE EARTH

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy9.9
Law Firm9.2
Locksmith8.9

Location

1618 3rd Ave Mankato, MN 56001-2908
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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