Financial
Distress signals
Property profile

1850 Adams St Mankato, MN 56001

OFF-MARKET
Other commercial real estate
Property ID
US46-1881230
431,029 SF 31.57 ac lot Built 1991
Last sale May 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The River Hills Mall property in Mankato, Minnesota includes a 71,046-square-foot anchor tenant space within the mall. The former Herbergers space is positioned next to a Barnes & Noble and near Scheels, and is accessed through three exterior entrances plus a mall entrance. The interior configuration includes office and storage areas, two sets of restrooms (men’s and women’s), and a ceiling height of 21 feet 9 inches to the deck. The mall is located at the intersection of Highway 22 and Highway…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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 · 2024

What does the county charge?
$680k
Tax billed · 2024
Assessed value$28.02M
Assessed land$5.50M
Assessed improvement$22.52M
Effective rate2.43%

Value estimate

· Sep 2026
$35.60M
$32.04M – $39.16M
Submarket $/SF estimate$42.10M

Realmo valuation models over county records.

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

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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.6
Electrical Service10.2
Bakery8.3

Location

1850 Adams St Mankato, MN 56001-4864
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1870 Adams, Mankato, MN 56001-4865 $1,885,367 Jul 2025 11,420 SF
125 Kingswood, Mankato, MN 56001-3159 $3,050,000 Nov 2024 41,300 SF
58766 240th, Mankato, MN 56001-5596 $5,500,000 Jun 2024 162,964 SF
1860 Adams, Mankato, MN 56001-4865 $3,450,000 Feb 2024 8,960 SF
230 Dewey, Mankato, MN 56001-2330 $650,000 Jan 2024 22,456 SF
1028 Riverfront, Mankato, MN 56001-3340 $550,000 Jun 2023 7,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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