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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1700 Madison Ave Mankato, MN 56001-5446

    • Drive through restaurants
    • 3,698 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1943454
    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.

    Current Use by Public Records

    • Slim Chickens / Chicken Shop / Chicken Wings Restaurant

    Property Details for 1700 Madison Ave

    Year built
    2021
    Lot size
    1.25 lot acres
    Property size
    3,698 SF
    Property type
    Drive through restaurants
    APN
    R01.09.09.380.002
    APU
    R010909380002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $350,000
      Current use
      WAREHOUSE, STORAGE
      $340,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $330,000
      Change: -5% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9598
    Latitude
    44.1673
    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
    $33,188
    $435,400
    $1,248,100
    $1,683,500
    -
    $435,400
    $1,248,100
    $1,683,500

    Comparable in this City

    • Value Estimation
      $690,000
      1,500 SF

      814 Riverfront Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,500 SF
      814 Riverfront Dr, Mankato, MN 56001-3336
      View Details
    • Value Estimation
      $345,000
      3,360 SF

      1855 Madison Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,360 SF
      1855 Madison Ave, Mankato, MN 56001-6200
      View Details
    • Value Estimation
      $1,185,000
      4,549 SF

      1856 Madison Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,549 SF
      1856 Madison Ave, Mankato, MN 56001-5448
      View Details
    • Value Estimation
      $355,000
      3,366 SF

      520 Riverfront Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,366 SF
      520 Riverfront Dr, Mankato, MN 56001-3701
      View Details
    • Value Estimation
      $200,000
      1,719 SF

      1041 Madison Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,719 SF
      1041 Madison Ave, Mankato, MN 56001-6143
      View Details
    • Value Estimation
      $350,000
      3,008 SF

      101 Lind St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,008 SF
      101 Lind St, Mankato, MN 56001-0426
      View Details

    Similar Nearby for Sale

    • $599,000
      Pending

      Freestanding Commercial Building with Drive-Thru

      Former Hardee’s with drive-thru, ideal for restaurant or retail.
      101 W Lind Ct, Mankato, MN 56001
      View Details
    • $300,000
      0.75 Acres

      Prime Retail Outlot Opportunity

      Strategically located retail outlot with high traffic counts.
      Tbd Premier Dr, Mankato, MN 56001
      View Details
    • $450,000
      3,168 SF

      Mankato Mixed-Use Investment Opportunity

      Mixed-use property with coffee shop and apartments in downtown Mankato.
      329 N Riverfront Dr, Mankato, MN 56001
      View Details
    • $3,150,000
      7,480 SF

      Retail Property in Mankato, MN

      Retail property with national tenants, excellent visibility and access.
      1920 Adams St, Mankato, MN 56001
      View Details
    • $3,150,000
      7,480 SF

      Mankato Triple-Net Retail Investment

      High-Demand QSR Portfolio, 6.25% Cap Rate
      1920 Adams St, Mankato, MN 56001
      View Details
    • $650,000
      5,000 SF

      Mankato Build-to-Suit Opportunity

      5,000 SF Retail Space, Highway 14 Exposure
      0 St Andrews Dr, Mankato, MN 56001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Prime Retail Pads Available

      New retail development with drive-thru, available Summer 2025.
      N Victory Dr, Mankato, MN 56001
      View Details
    • Contact for pricing
      5,852 SF

      QSR/Cafe End Cap Retail

      Prime retail opportunity with maximum exposure and accessibility.
      511 Holly Ln, Mankato, MN 56001
      View Details
    • $15 SF/Yr
      115,875 SF

      Repurposed Entertainment and Restaurant Hub

      Family entertainment and restaurant hub with diverse leasing options.
      1850 Madison Ave, Mankato, MN 56001
      View Details
    • Contact for pricing
      717,102 SF

      1850 Adams St

      Individual retail properties • 717,102 SF
      1850 Adams St, Mankato, MN 56001
      View Details
    • $1.00 SF/Yr
      726,795 SF

      River Hills Mall Retail Space

      Mankato, MN Shopping Center Opportunity
      1850 Adams St, Mankato, MN 56001
      View Details
    • Contact for pricing
      10,130 SF

      Mankato Retail Space Available

      Downtown Mankato retail space, high traffic area.
      615 Front St, Mankato, MN 56001
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      2.7k
    • Avg Time on site
      40 min
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    1700 Madison Ave
    Mankato, MN 56001-5446
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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