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    Property profile & analytics

    1890 Adams St Mankato, MN 56001-4865

    • Retail space
    • 18,485 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimation
    $3,600,000
    Last Sale
    Feb 28, 2020
    $3,470,350
    Location Intelligence
    Property ID
    US46-2891206
    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

    • TagWorks / Pet Supply Store
    • PetSmart / Pet Supply Store
    • MANKATO CLINIC URGENT CARE / Community Center
    • PetSmart Grooming / Pet Groomer
    • PetSmart Dog Training / Dog Trainer

    Property Details for 1890 Adams St

    Year built
    2017
    Lot size
    1.73 lot acres
    Property size
    18,485 SF
    Property type
    Retail space
    APN
    R01.09.09.426.047
    APU
    R010909426047

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,235,000
      6.5%
      $3,395,000
      7%
      $3,160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,620,000
      Geo Method
      $3,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,285,000
      Retail
      $2,840,000
      Mixed-Use
      $2,895,000
      Hospitality
      $3,750,000
      Educational
      $3,175,000
      Residential Income
      $3,100,000
      Energy
      $2,725,000
      Income-Based Land
      $3,765,000
      Food Service
      $3,535,000

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9498
    Latitude
    44.1721
    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
    $48,846
    $288,700
    $1,545,700
    $1,834,400
    -
    $288,700
    $1,545,700
    $1,834,400

    Comparable in this City

    • Value Estimation by Request
      7,379 SF

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      RETAIL STORES (PERSONAL SERVICES) • 7,379 SF
      429 2nd St, Mankato, MN 56001-3702
      View Details
    • Value Estimation by Request
      5,850 SF

      613 Riverfront Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,850 SF
      613 Riverfront Dr, Mankato, MN 56001-3452
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    • Value Estimation by Request
      96,174 SF

      375 Saint Andrews Dr

      RETAIL STORES (PERSONAL SERVICES) • 96,174 SF
      375 Saint Andrews Dr, Mankato, MN 56001-8594
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    • Value Estimation by Request
      5,984 SF

      627 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 5,984 SF
      627 Frnt St, Mankato, MN 56001-3802
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    • Value Estimation by Request
      5,435 SF

      120 Augusta Ct Ste 106b

      RETAIL STORES (PERSONAL SERVICES) • 5,435 SF
      120 Augusta Ct Ste 106b, Mankato, MN 56001-7720
      View Details
    • Value Estimation by Request
      6,800 SF

      1630 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
      1630 Madison Ave, Mankato, MN 56001-5444
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30 SF

      Prime Retail Land Opportunity

      Land available for sale, lease, or build-to-suit in Mankato.
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      Retail center with highway visibility and strong tenant demand.
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      1,553 SF retail space in Mankato's busiest retail area.
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    Similar Nearby for Lease

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      Prime 1,931 SF retail space in downtown Mankato.
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      Retail Space with Mezzanine Level

      Retail space featuring a mezzanine level with offices and storage.
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    • $8 SF/Yr

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    1890 Adams St
    Mankato, MN 56001-4865
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    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
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