Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1810 Commerce Dr North Mankato, MN 56003

    • Strip malls
    • 28,728 SF
    • 3.25 lot acres
    For Lease
    View listing
    Value Estimation
    $2,635,000
    Last Sale
    Sep 17, 2021
    $2,500,000
    Location Intelligence
    Property ID
    US46-2819241
    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

    • Strip malls

    Property Details for 1810 Commerce Dr

    Year built
    2000
    Lot size
    3.25 lot acres
    Property size
    28,728 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    18.572.0020
    APU
    185720020

    Description

    North Kato Plaza, located at 1810 Commerce Drive in North Mankato, Minnesota, 56003, offers a diverse range of office spaces ideal for various business needs. This Class A, single-story building, constructed in 2000, boasts a total of 28,895 square feet and comprises nine suites. The property sits on 3.25 acres of land and provides ample parking with 166 spaces. Currently, 1,106 square feet of space is immediately available, with the potential to lease up to 6,944 contiguous square feet. The minimum divisible space is 1,106 square feet. The building is situated on a high-traffic corridor, offering excellent visibility and accessibility. The property is well-suited for medical, traditional, coworking, creative, or executive office uses. The building features a single-story design for easy navigation. Lease rates are attractive, ranging from $9.00 to $14.50 per square foot, NNN. The property's APN is 18.572.0020, and it's conveniently located near the cross street of Roecrest. This prime location in the Mankato submarket provides businesses with a strategic advantage.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,685,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,700,000
      6.5%
      $2,610,000
      7%
      $2,425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,375,000
      Geo Method
      $2,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,650,000
      Retail
      $3,125,000
      Mixed-Use
      $2,340,000
      Hospitality
      $2,765,000
      Educational
      $2,595,000
      Residential Income
      $2,290,000
      Energy
      $2,370,000
      Income-Based Land
      $2,885,000
      Food Service
      $2,345,000

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.0395
    Latitude
    44.1797
    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
    2023
    $84,694
    $492,400
    $2,321,000
    $2,813,400
    -
    $492,400
    $2,321,000
    $2,813,400

    Comparable in this City

    • Value Estimation by Request
      18,000 SF

      1757 Commerce Dr

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      1757 Commerce Dr, North Mankato, MN 56003-1802
      View Details
    • Value Estimation by Request
      7,742 SF

      1754 Commerce Dr

      SHOPPING CENTER, STRIP CENTER • 7,742 SF
      1754 Commerce Dr, North Mankato, MN 56003-1808
      View Details
    • Value Estimation
      $290,000
      5,423 SF

      406 Belgrade Ave

      SHOPPING CENTER, STRIP CENTER • 5,423 SF
      406 Belgrade Ave, North Mankato, MN 56003-3809
      View Details
    • Value Estimation by Request
      4,738 SF

      1710 Commerce Dr

      SHOPPING CENTER, STRIP CENTER • 4,738 SF
      1710 Commerce Dr, North Mankato, MN 56003-1815
      View Details
    • Value Estimation by Request
      20,902 SF

      1750 Commerce Dr

      SHOPPING CENTER, STRIP CENTER • 20,902 SF
      1750 Commerce Dr, North Mankato, MN 56003-1812
      View Details
    • Value Estimation
      $2,095,000
      6,010 SF

      1712 Commerce Dr

      SHOPPING CENTER, STRIP CENTER • 6,010 SF
      1712 Commerce Dr, North Mankato, MN 56003-1803
      View Details

    Similar Nearby for Sale

    • $795,000
      3,100 SF

      North Mankato Restaurant Opportunity

      Second-generation restaurant space with drive-through in high-traffic area.
      1745 Commerce Dr, North Mankato, MN 56003
      View Details
    • Contact for pricing
      10,100 SF

      Retail Redevelopment Site in Mankato

      High-visibility retail or redevelopment site in a prime location.
      1715 Commerce Dr, North Mankato, MN 56003
      View Details
    • $3,375,000
      0.69 Acres

      North Mankato Mixed-Use Property

      Well-maintained commercial property with apartments and retail spaces in prime location.
      422 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $3,375,000

      Mixed-Use Property in Business District

      Mixed-use property with apartments and retail in North Mankato.
      422 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $119,900
      0.39 Acres

      Ravine Lot in The Reserve

      Residential lot in North Mankato with wooded views.
      1961 Lexington Ln, North Mankato, MN 56003
      View Details
    • $178,000
      1,200 SF

      Storage and Garage Condos For Sale

      Storage and garage condos ideal for personal or business use.
      3021 Evergreen Trl, Mankato, MN 56003
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,106 SF

      Retail/Office Space in North Mankato

      Retail or office space available in North Mankato location.
      1802-1838 Commerce Dr, North Mankato, MN 56003
      View Details
    • $6,295 /Mo

      Prime Commercial Space on Highway

      Premier commercial space with high visibility and customizable build-out options.
      340 Webster Ave, North Mankato, MN 56003
      View Details
    • Contact for pricing
      28,895 SF

      North Kato Plaza: Office Suites Available

      Modern Mankato Office Space, Flexible Sizes
      1810 Commerce Dr, North Mankato, MN 56003
      View Details
    • Contact for pricing
      3,456 SF

      Prime Commercial Space for Lease

      Premier commercial project with high visibility and customizable space.
      1109-1111 Range St, North Mankato, MN 56003
      View Details
    • $6,875 /Mo

      Prime Commercial Space on Highway

      Premier commercial space with high visibility and highway access.
      340 Webster Ave, North Mankato, MN 56003
      View Details
    • $2,200,000
      3,550 SF

      Modern Retail/Office/Medical Space Available

      Convertible retail/office/medical space with modern design, available February 2026.
      235-237 Belgrade Ave, North Mankato, MN 56003
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1810 Commerce Dr
    North Mankato, MN 56003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.